Trade between Romania and Germany decreased by 6.1% in Q1 2025, year-on-year, to EUR 10.36 billion, according to data published on Thursday by the Romanian-German Chamber of Commerce and Industry (AHK Romania).Germany's exports to Romania decreased by 1.2%, to over EUR 5.68 billion, while imports from Romania decreased by 11.4% to EUR 4.68 billion."The decline in German imports to Romania (therefore of Romanian exports) is primarily due to the weak economic dynamics in Germany and a tense economic situation throughout Europe. It is precisely in this challenging context that it becomes clear again that Romania, as a business location, must focus even more on improving its competitiveness. A stable and business-friendly fiscal environment is an essential factor in that, and given the context, fiscal policy measures currently under discussion are of particular importance. It remains to be hoped that the interests of the private sector will be taken into account. In the medium term, it is essential to get out of the current fiscal imbalance, in particular through sustainable economic growth. In the short term, however, from the perspective of our business community, budgetary consolidation measures are needed in terms of expenditures, as well as a significant reduction in bureaucracy, in order to strengthen the credibility of the state and create the basis for sustainable budgetary development," according to AHK Romania General Manager Sebastian Metz.AHK Romania is the official representative of the German economy. Founded in 2002, the organisation has over 680 member companies and offers companies an important platform for networking, exchange of information and experiences.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
