Romania exported about EUR 1 bln worth of goods and services to Russia last year, according to Ziarul Financiar daily's calculations based on data from the statistics office INS. The data on the largest local exporters to this market illustrates that Romania supplies mainly finished or processed products, goods with a high added value to Russia. The car manufacturer Dacia is the largest local exporter to the Russian market. The list of the largest exporters also includes Detergenti SA, the company through which the American group P&G operates the production activity in Romania where it produces shampoos and detergent capsules, the manufacturer of power-driven hand tools Makita and pharma company Actavis. Neither P&G officials nor most of the other top 20 players, including OMV Petrom or Philips Orastie (factory of espresso and oral hygiene products), answered Ziarul Financiar's inquiry about the value of the exports. The only company that responded to ZF's request and disclosed the value of exports to Russia is Chimcomplex, the group that ranks 16th in the top of exporters. "Chimcomplex's sales to customers in Russia represent less than 1% of the company's total sales, namely RON 22 mln (EUR 4.5 mln) in 2021," the company said.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
