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.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
