Turkey is Romania's main commercial partner among non EU countries, Bucharest Chamber of Trade and Industry (CCIB) informs. According to a press release, Turkey represents the main absorbtion market for goods sent from Romania to the extra EU area, and for import the second markets of goods from non EU countries that entered Romania (after China). “After 2022, a year when bilateral exchanges registered a historic record, the growth tendency continued in 2023, when the total volume of Romanian-Turkish commercial exchanges was 10.2 billion dollars (+8.7% against the previous year), of which 3.3 billion dollars (+10.8%) export and 6.9 billion dollars (+7.7%) import,”a press release mentions. At the end of 2023, there were 18,523 companies with Turkish capital in Romania (3rd place after Italy and Germany) with a subscribed social capital of 1.1 billion dollars, placing Turkey 14th among investing countries in Romania. The chairman of Bucharest Chamber, Iuliu Stocklosa, met Recep Kaan Maslac, the president of the Association of Metal Products Exporters from Turkey (MEPEX) based in Ankara, accompanied by Osman Serdar Buyukbektas, the vicepresident of the Association and other collaborators. According to CCIB, the event took place in connection to the arrival in Romania of an economic mission organized by MEPEX and backed by the Ministry of Trade which included representatives of 22 Turkish companies. According to MEPEX president, Recep Kaan Maslak, the Association, set up in 1993, gathers over 4,000 members which manufacture a wide range of metal products and equipment for various economic branches: civil and industrial constructions, heavy industry, mining, energy industry, a.o.
The French Institute in Romania will launch this fall the Film Therapy Film Club, a program covering a series of film screenings followed by discussions led by experts and therapists that will touch on topics such as mental health, social issues, and the challenges that teenagers and young people encounter. The idea for the program […]
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
