The trade between Romania and the US reached, last year, 5.5 billion euros, up by 10% against the previous year, but they are still far from the potential, stated Romania’s ambassador to the United States of America, Dan-Andrei Muraru to the Agerpres correspondent.‘Last year there was 5.5 billion euro, imports and exports. Annually, there is a natural growth, of about 10%. Obviously, there is growth every year, but it is far from the potential. I’ll give you some figures: Poland –US 23-25 billion euro, Hungary, a country half of Romania as population and surely with a smaller GDP – 10 billion euros with the US, Czechia – US 12 billion. So, we see the significant differences and we think that, beyond the fact that we have a historical delay due to the conditions Romania had to face, long transition, we think that we lack initiative, which could bring benefits in the domain of start-ups, in the domain of high technology, in the domain of infrastructure, in the domain of automotive industry. We think there is much potential’, Muraru said.In this context, the Romanian diplomat said that, last year, Romania had the most numerous delegation of companies from Europe and the third largest in the world for Select USA – the biggest trade fair in America.He considers that the lack of robust commercial exchanges is the big suffering of the strategic partnership between Romania and the US.‘We need initiative at the highest level, as we realized that, on the one hand, the American investors know very little about Romania and it doesn’t work if you keep waiting. We need to constitute a task force or several, to come and connect with these companies and try to bring them to Romania’ explained Andrei Muraru.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
