Austrian-Romanian economic relations on an all-time high!
Foto: ADVANTAGE AUSTRIA The economic relations between Romania and Austria represent an impressive success story, which was only briefly interrupted during the pandemic in 2020. In 2021, the bilateral trade volume of EUR 5.1 billion exceeded the five-billion-Euro-mark for the first time, 27.2 % above the previous record set in 2019. In 2021, exports rose […]
When troops move, finances shake
Foto: chaiyapruek / depositphotos.com Earlier this year, the economic daily Wall Street Journal (WSJ) reported that, although the globalization was supposed to prevent the war, Russia could now come to prove just the opposite. According to WSJ authors, the Russian leader Vladimir Putin allegedly bet that the Western allies would not be willing to pay […]
Defensive driving, a step towards normality
Foto: BecNorbert, Dragoș Savu Defensive driving courses have been part of the reality of other countries for more than 50 years. We, the Romanians, will discover them in an institutionalized form starting this year. Funny thing, I find a similarity between the current hysteria about vaccination and the defensive driving courses. Vaccination is not mandatory, […]
Bucharest Stock Exchange kicks off 2022 with a new all-time high: over 16,000 trades performed in a single day
The volatility in the international markets also spilled over to the Romanian capital market in January, and the investment activity intensified against the backdrop of the escalation of the international uncertainties. The factors that decisively influenced the capital markets in January included an update in the investment strategies after a record-breaking 2021, which resulted in […]
AUSTRIA’S MEDICAL TECHNOLOGY
Foto: ADVANTAGE AUSTRIA Medical technology from Austria encompasses everything from diagnostic devices and dental instruments to building and managing large hospitals. Medical technology and life sciences are among the most important economic sectors of the 21st century. Demographic developments, medical progress and the challenge of integrating constant innovation are boosting demand for new solutions in […]
The hard part is still to come
Foto: rafapress / depositphotos.com Earlier this year, overjoyed officials in Bucharest had some long awaited piece of good news to deliver: the Council of the OECD finally decided to open accession talks with Romania. The 38 countries in the organization account for 18% of the world’s population, but for almost two thirds of the global […]
Mixed blessings
Foto: vladem / depositphotos.com 15 years ago, on January 1st 2007, Romania became a member of the European Union – a nice, round anniversary, prompting all sorts of festive messages. President Klaus Iohannis said that the accession to the EU anchored Romania in the European area of democracy and values and that the European path […]
2022… a better year?
A thrifty man makes a chariot in winter and a sledge in summer … or should we look around a bit, before making plans for the future, in order to avoid any surprise? Romania, Europe, Earth … in this order, I would like to do this little exercise to anticipate what the year 2022 will […]
Bucharest Stock Exchange sets new all-time highs in 2021
The Bucharest Stock Exchange (BVB), a fundamental institution of the Romanian capital market, has successfully fulfilled its fundamental role of financing the economy in a volatile domestic and international context influenced by the evolution of the coronavirus pandemic. The Romanian capital market recorded in 2021 the best year in history and set a series of […]
PMI continues to invest in the Otopeni factory where it produces consumables for IQOS. The budget allocated over the next two years exceeds USD 100 million
Cigarette manufacturer Philip Morris International (PMI) continues its investments aimed at transforming the Otopeni factory into a manufacturing unit for consumables for IQOS, the electronic tobacco heating system developed by the company. The amount allocated for the next two years exceeds USD 100 million. Since 2017 (when the transformation process of the Otopeni factory started) […]