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 agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
