The Republic of Korea is one of Romania's important commercial and economic partner in South-Eastern Asia. The dynamics of commercial exchanges in 2023, especially exports, indicates a growing interest of Romanian companies in this market, said Iuliu Stocklosa, the president of Bucharest Chamber of Trade and Industry (CCIB). According to a CCIB press release, issued on Tuesday, Stocklosa met Min Seok Ko, Romania's honorary consul in Incheon, Korea, on his first visit in Romania, following his recent appointment in this position. “With a population of over 3 million inhabitants, the metropolitan city of Incheon is located in the north-western part of the country, neighboring Gyeonggi province and the capital city of Seoul. It is known as the main entrance point in the Republic of Korea because of Incheon international airport (the largest in the country) and Incheon port (the second largest after Busan). Incheon Free Zone has developed continuously lately, the big Korean companies (Samsung, LG, SK, etc) deciding to open production facilities in that area”, the press release shows. The honorary consul Ko said the aim of the visit was to prospect the Romanian market, being interested in identifying business opportunities especially in tourism, IC&C, electronic equipment, textiles, fod and wine. He intends to return to Romania in October or November with an economic mission including eight companies from Incheon area. On November 30, 2023, bilateral commercial exchanges reached 1.1 billion dollars, 2.5% over the level recorded in the same period of 2022. Romanian deliveries recorded 0.51 billion dollars (+27.3%), while imports from South Korea amounted to 590 million dollars (- 12.2%). According to the National Office of Trade Registrar (ONRC), on December 31, 2023, 288 companies with South Korean capital were registered with a social capital of 123.6 million dollars, 0.19% of all foreign investments, situating South Korea 30th among states investing in Romania.
At 24 years old, Romanian Claudiu Fusaru is the youngest T-38 instructor in the 469th Squadron of the Euro-NATO Joint Jet Pilot Training (ENJJPT), the most complex international program for training NATO fighter pilots. The pilot training program, active since 1981, brings together 14 NATO nations and trains the best fighter pilots in the world […]
The Romanian General Prosecutor’s Office and the Directorate for the Investigation of Economic Crime conducted searches at companies part of the Tinmar group on Thursday, November 6, Economedia.ro reported. The company, one of the largest energy traders in...
The Romanian government has approved a new emergency ordinance that introduces major fines for feeding wild bears, environment minister Diana Buzoianu announced on Thursday, November 6. The legislation also defines key terms such as "feeding of bears" and "habituated bear," aiming to curb practices that draw wildlife into populated areas,
The American defense technology company Allen Control Systems (or ACS) has signed a memorandum of understanding with the Romanian Armed Forces for the joint production of autonomous anti-drone turrets in Romania. ACS recently signed two contracts for the delivery of its autonomous Bullfrog turret to the armies of South Korea and the United Arab Emirates. […]
Global environmental NGO Greenpeace saluted the fact that Romania adopted a new normative act on Thursday, November 6, creating the necessary legislative framework so that citizens, municipalities, NGOs, and small enterprises can jointly produce, manage, and consume renewable energy. The framework was finally created “after nearly three years of waiting and requests from local authorities […]
Roweb, compania românească din spatele software-ului nr.1 din Belgia în Real Estate În timp ce România continuă să importe mai mult decât exportă, companii locale precum Roweb demonstrează că soluțiile digitale și inteligența artificială pot echilibra balanța și pot pune țara pe harta inovației europene. AI made in Romania: de la cod la […]
