At a meeting with German ambassador Peer Gebauer, Minister of Entrepreneurship and Tourism Constantin-Daniel Cadariu proposed the signing of a Memorandum of Understanding for bilateral tourism cooperation as a way of maximizing mutual tourist flows, the Tourism Ministry informs in a release.The April 5 meeting was also an occasion for the sides to highlight the importance of cooperation between the two states as well as opportunities to intensify and extend the bilateral partnership."Regarding tourism, considering the high number of German visitors arriving every year in Romania, but also the presence here of some of the largest tour operators with German shareholdership, Minister Cadariu proposed the signing of a Memorandum of Understanding for bilateral cooperation in this field. To this effect, Romania intends to promote customised tourism offers in Germany, with an emphasis on the spa and health segment," the release states.The Romanian side underscored the need to reduce Romania's trade deficit with Germany, suggesting among others the relaunch of the institutional mechanisms for promoting economic cooperation at both federal and land level, specifically the Romanian-German Cooperation Council and the Joint Committees with the lands of Bavaria, Baden Württemberg and Hesse, as well as scaling up economic promotion actions - forums and business seminars with the participation of companies from both countries, the release mentions.Germany is Romania's main trading partner, accounting for over 20 percent of Romania's total exports.In 2021, bilateral trade amounted to 35.15 billion euros, up by about 14 percent compared to 2020, of which exports represented 15.34 billion euros (up 8 percent) and imports 19.81 billion euros (up 18 percent).By the amount of investments Germany currently ranks 3rd with an invested share capital of 5.18 billion euros (11.2 percent of the total foreign investments) and a number of 24,230 joint ventures registered in Romania.
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 […]
