*1.2 billion euros - the positive contribution of the tobacco sector to Romania's trade balance last year According to the recent data published by the National Institute of Statistics (INS), the total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, amounted to 1.68 billion euros in 2023, representing an increase of 200 million euros compared to the previous year. BAT Romania, the largest player on the local tobacco market, exports about 70% of the volumes produced in Ploiesti (cigarettes and tobacco consumables for glo), where the group’s second largest factory in Europe is located and where more than 500 million euros have been invested so far. The total value of raw and processed tobacco imports in 2023 was around 412 million euros, thus the positive contribution of the tobacco sector to Romania’s trade balance increasing to over 1.2 billion euros, as compared to 1.1 billion euros in the previous year. According to the data published by the INS, the volume of exports of tobacco products increased by more than 300 million euros in the last 3 years, evolving from 1.34 billion euros in 2021 to a total volume of more than 1.68 billion euros last year. Also, according to the INS, in 2023 tobacco products represented over 43% of the total exports of food products, beverages and tobacco. “Our factory in Ploiesti is an eloquent example of our commitment to building A Better Tomorrow™, with constant investments in technological innovation, sustainability and continuous professional development of the over 1,000 employees, to the standards of a company of the future. We remain a strategic partner in the economic growth of Romania, with direct and indirect investments, a positive contribution to the country’s trade balance, and significant contributions to the state budget in taxes and excise “, said Jorge Araya, South-Eastern Europe Area at BAT and GM of BAT Romania.
Romanian filmmaker Radu Jude, one of Europe’s most acclaimed contemporary directors, has made his debut in the visual arts with the video installation Sleep #2, now on display at The Film Gallery in Paris. The show, running from September 22 to October 4, is supported by the Romanian Cultural Institute (ICR) through its Cantemir Program, […]
Romania has been elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for a two-year mandate covering 2025–2027, the Ministry of Foreign Affairs (MAE) announced. This marks the country’s return to the 35-member body for the first time since 2010. The vote took place on Friday, September 19, the closing day […]
Romanian car brand Dacia has launched a new utility version of its well-known Duster car, the Cargo. The new car is intended exclusively for the United Kingdom. Dacia routinely launches utility versions of its cars, and a Pick-Up version was announced last week for the Duster as well. Like the Pick-Up, the Cargo is also […]
Romanian farmers reported record harvests for cereals and rapeseed, according to agriculture minister Florin Barbu. This year’s total harvest of cereals and rapeseed is larger by over 5 million tons compared to last year, according to the official. As such, Romanian farmers achieved a production of 19.3 million tons of cereals (wheat, rye, oats, barley) […]
Bucharest’s interim mayor Stelian Bujduveanu has warned that traffic congestion remains the capital’s most pressing problem, with 1.7 million vehicles registered in the city and another 300,000 cars entering daily from surrounding areas, News.ro...
Databricks, an artificial intelligence company based in the United States with two Romanians among its founders, is launching an accelerator to finance artificial intelligence startups. Up to USD 250,000 is available for small companies. The funds can come in several forms, including cash, credits for using the Databricks platform, and credits from external providers verified […]
