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.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]