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 City Hall of Brașov, a popular mountain resort in central Romania, announced that the narrow Strada Sforii (Rope Street), one of the city's best-known tourist attractions, will be temporarily closed. The authorities cited urgent public safety concerns after experts warned that crumbling plaster from nearby buildings poses a risk to visitors. Mayor George Scripcaru […]
Train ticket prices will rise by nearly 10% starting December 14, when the new 2025–2026 railway timetable comes into effect in Romania, officials confirmed on Wednesday, as reported by Agerpres. The increase of 9.88% reflects the annual inflation index published by the National Institute of Statistics (INS), in line with...
Deputy prime minister Oana Gheorghiu will lead a working group tasked with reforming Romania's loss-making state-owned companies, prime minister Ilie Bolojan said in an interview with ProTV, as reported by G4media.ro. Her predecessor, Dragos Anastasiu,
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
Statements by Romanian prime minister Ilie Bolojan about cutting by 10% the total personnel budget for all ministers and other similar contracting units, as opposed to only the central administration of the respective bodies, prompted on November 19 a radical reaction from the Social Democratic Party (PSD) and trade unions in the public sector. No […]
Romania’s Ministry of Labour unveiled for public consultations the revised law on magistrates’ pensions, and the government, in a press release, expressed its hope that the approval process, including by the Superior Council of Magistracy (CSM), will proceed expeditiously. However, CSM vice president Claudu Sandu has already publicly rejected the law as insufficient. The bill is […]
