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By Edwig Ban
Exports increased in the first seven months by 24.5% to 42.511 billion euros, and imports increased by 25.4% to 55.375 billion euros, compared to the same period in 2020, the trade deficit being 12.864 billion euros, higher by 2.858 billion euros, according to the National Institute of Statistics (INS).
"Between 1 January and 31 July 2021, FOB exports amounted to EUR 42.511 billion and CIF imports amounted to EUR 55.375 billion. Between 1 January and 31 July 2021, exports

Category: home | Date: |2021-09-09|

By Edwig Ban
>>>Competitive intelligence services represent about 30% of the entire corporate intelligence market in Romania, estimated at approximately 10 million euro in 2020 >>> Currently, in Romania, multinational companies in economic sectors with a very high degree of competitiveness (like investment funds, retail and oil & gas) have the greatest appetite for competitive intelligence services
The market of competitive intelligence services has tripled in the last two years in Romania, companies being

Category: home | Date: |2021-09-08|

By Edwig Ban
The group of companies from South Korea, formed by the companies "AKEDA", "Hyunday-Power Systems" and "BKB", intends to buy and invest at the Mintia / Deva Thermal Power Plant, Hunedoara County, so that the electricity production has at base groups on methane gas and photovoltaic panels, according to an announcement by the Hunedoara Prefecture.
Chung Si Woo, President of BKB Energy, announced today that the group wants to take over the Mintia Thermal Power Plant

Category: energy | Date: |2021-09-07|

By Andra Beltz
Romania obtains this year a wheat production of over 11.33 million tons, being the largest harvest since the country's accession to the European Union, the representatives of the Ministry of Agriculture and Rural Development (MADR) announced on Wednesday.
Until August 16, 2020, 98.54% of the area sown with wheat in 2020/2021, of about 2.2 million hectares, was harvested.
Last year, Romania obtained only 6.4 million tons of wheat, the harvest
Category: agriculture | Date: |2021-08-18|

By Andra Beltz
Romania's crude oil imports increased by almost 26% in the first half of 2021.
Romania imported, in the first six months of 2021, a quantity of crude oil of 3.9 million tons of oil equivalent (toe), with 803,100 toe (25.9%) higher than that imported in the similar period of 2020, according to data centralized by the National Institute of Statistics (INS).
Crude oil production totaled 1.561 million toe,

Category: oil&gas | Date: |2021-08-16|

By Edwig Ban
The U-TacS company, specialized in the production of military drones, will transfer technology from the United Kingdom to Romania for the production of Watchkeeper X drones, said on Tuesday, in Bacău, the general director of U-TacS, Yogev Dahan, according to Agerpres.
"U-TacS is very proud to be part of this consortium, which will propose to the Romanian armed forces the Watchkeeper X unmanned aircraft system. We are very happy to be here today

Category: military industry | Date: |2021-07-21|

By Edwig Ban
AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, is investing 300 million euros to build in Romania an eco-intelligent factory of steel-concrete and rolled wire, unique in Europe, and considers more locations. Beltrame Group also owns the Donalam Călăraşi steel plant.
"After a long feasibility study, AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, is investing 300 million
Category: investments | Date: |2021-07-05|

EY Attractiveness Survey Romania 2020: How to reshape Romania through investment? By rbj
>>>66% plan to establish or expand operations in Romania in the next 12 months (above European average – 41%), compared with just 27% in 2020; >>> Infrastructure, crisis management strategy, as well as the overall level of technology adoption are cited as the main factors considered by investors; >>> Bucharest, Cluj-Napoca, Timișoara, Brașov and Iaşi, the most attractive destinations in Romania for foreign investment
The COVID-19 pandemic has impacted Foreign Direct

Category: home | Date: |2021-06-16|

Noi cu cine votam daca vrem investitii? - iLive
By Edwig Ban
The net investments in Romania's economy amounted to 20.356 billion lei in the first quarter of this year, up 9.9% from the same period in 2020, according to provisional data released on Thursday by the National Institute of Statistics (INS).
According to the INS, in the first three months of the current year, compared to the first quarter of 2020, the net investments in the national economy increased by 9.9%, an increase recorded in all structural elements:
Category: investments | Date: |2021-06-10|

By Edwig Ban
The US Air Force has announced a massive investment in "General Emanoil Ionescu" Air Base 71 from Câmpia Turzii, which the Americans consider an essential strategic point in the region.
According to a US Air Force statement, the value of the investments will amount to 152 million dollars. The Americans will carry out 15 modernization works that will target the air base's infrastructure.
The quoted source announces that the modernizations aim at consolidating the long-term presence of the US Air Force

Category: military industry | Date: |2021-05-19|

The Romanian Business Journal
Constantin Radut
Editor in Chief
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