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.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
