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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
