*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.
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said. The new building will […]
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, […]
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
