June 11, 2024

Romania’s foreign trade, but also deficit, gains momentum in April
Jun 11, 2024

Romania’s foreign trade, but also deficit, gains momentum in April.

Both exports and imports of Romania increased in April by 14.8% y/y and 17.8% y/y, respectively, as the Easter holiday hit the economic activity in May this year (compared to April in 2023), according to data published by the statistics office INS. The trade deficit widened, accordingly, by (...)

[Read the article in Romania Business Insider]

Another Russian drone falls in Romania after attack on Ukrainian ports Romania’s Ministry of National Defense (MApN) confirmed on Thursday, July 25, that it found remains of a Russian drone following attacks on neighboring Ukrainian ports. The drone fell on Wednesday morning in a forest near the village of Plauru. The ministry’s teams are also searching for (...)

75% of Romanian entrepreneurs believe climate change has negative impact on local businesses, survey finds The majority of Romanian entrepreneurs, over 75% of those surveyed in a study by the Romanian Institute for Evaluation and Strategy, believe that climate change has a negative impact on the local business environment. Another important conclusion of the study is that 6 out of 10 entrepreneurs (...)

Exorigo Upos analysis: Western Europe leads the e-commerce market by far with 80% compared to 55% in Eastern Europe Western European shoppers spend an average of €85 per transaction, while Eastern European consumers spend €55 A significant portion of the elderly population is online shopping in Western Europe, while in Eastern Europe, most online shoppers are young Eastern European shoppers are more (...)

Carrefour completes rebranding of Cora hypermarket in Bucharest French retailer Carrefour completed the rebranding of a Cora hypermarket in Bucharest, following the acquisition of the competitor's network in Romania. The newly remodeled store is part of the Supernova commercial center on Alexandriei Road and was officially inaugurated on July 25. "As a (...)

Romanian athlete barred from Paris Olympics after court upholds doping ban Team Romania dropped to 106 representatives at the Paris Olympics after the Court of Arbitration for Sport partially upheld a ban imposed on athlete Florentina Iu?co by the World Anti-Doping Agency, or WADA. Iu?co tested positive for furosemide, a banned diuretic, in April 2023. The analysis (...)

Romania ClimAccelerator: 15 green-tech startups selected for acceleration program's Idea Stage Fifteen startups have been selected for Romania ClimAccelerator’s Idea Stage, a category of the acceleration program for green-tech startups. The program supports the acceleration of businesses that propose innovative solutions in areas such as renewable energy, waste management, clean-tech, (...)

Romanian PM promises visa-free travel to the US, full Schengen membership by end of 2024 Prime minister Marcel Ciolacu recently promised that by the end of this year, Romanians will be able to travel to the United States without visas. He also said that Romania will have a dual citizenship agreement with Spain and that the country will be fully integrated into the Schengen Area in (...) : all romanian news. Copyright © DIRECTWAY | News RSS |