The Dornești terminal is designed for permanent operation. Equipped with a maximum capacity of 3 million tonnes, a wagon loading station (128 meters long), and an unloading station (120 meters long) enabling simultaneous loading/unloading of eight wagons, Dornești becomes the keyword for the desired modernisation of the company.
Selgros Cash & Carry Romania (retail), Axpo Energy Romania (energy), and JTI Romania (tobacco) received recognition from the Switzerland-Romania Chamber of Commerce (CCE-R) for their financial results in the previous year in the categories of highest sales, highest productivity, and highest profit. These three companies, which achieved outstanding financial performance in 2022, were honored at the ‘The Swiss Get Together Annual Gala 2023: Inspiring Innovation’ event held on October 5, 2023, organized by the Chamber of Commerce Switzerland - Romania.
The National Bank of Romania Museum, in collaboration with Alpha Bank Romania, opened the temporary exhibition “Two Sides of the Same Coin. Means of Transactions – Masterpieces of Art”.
Inflation is eating away at the economies of citizens and businesses, government debt is peaking and deficits are eroding the financial strength of states, global trade is fragmenting and consumers in many economies are finding it harder to find their preferred products, while investments often turn sour or even become worthless. We are living through an era of deep uncertainty and increased fragility in which the economy is showing signs of looking for policy models that do not seem to come out of the classical textbooks. And for many “classics”, the paradigm shift seems like heresy.
In honour of the Greek National Day, on the occasion of the 202nd anniversary of the start of the 1821 Revolution, the most important date in the modern history of Greece, the starting point of the National Renaissance, the Embassy of the Hellenic Republic in Bucharest organized on 26 March, at 5:00 pm, at the Romanian Athenaeum in Bucharest, an exceptional event with the “Megaron” Youth Symphony Orchestra of Thessaloniki - Mousa.
Of far greater importance for Romania and for the business environment here in the medium- to long-term is Romania’s drive to become a member of another international structure, following membership of NATO and of the EU. This is the Organisation for Economic Co-operation and Development, commonly known by the acronym OECD. This is an intergovernmental organisation of what may reasonably be regarded as developed (or richer) countries with market economies and systems of government based on democracy. There are currently 38 members of the OECD, including the UK, the USA, Australia, New Zealand, Japan, Israel and most of the countries in the EU. In particular, EU countries which might reasonably be regarded as Romania’s peers have already joined the OECD including Poland, the Czech Republic and the Baltic States.
As you may have read already in previous articles, I like to compare our worldly existence to a game; even the company represents a sophisticated game, in which we must know certain rules in order to succeed. We are active on a stage which allows us to adopt different roles that some of us have learned to perform to perfection.
This is not the first time—and it certainly won’t be the last—that the global economy has suffered a blow that threatens its recovery, the culprit being the cartel of major crude oil exporters. Earlier this month, OPEC+ members announced that they would cut global production by an additional 1.16 million barrels per day by the end of the year. Led by Saudi Arabia and Russia, OPEC+, the organization of the 23 oil-exporting countries that together produce more than 40% of the world’s oil, meets regularly to determine how much crude oil to sell on the global market, thereby influencing prices.
The American Chamber of Commerce in Romania (AmCham Romania) expresses the concern of the business community it represents regarding the high risks of deviation of the budget deficit from the adjustment trajectory that Romania has committed to at the European level.
The Honorary Consulate of Greece opened in Constanta on 1 November 2022. Mr. Christodoulos Seferis, President of the Hellenic-Romanian Bilateral Chamber of Commerce, together with the members of the Board of Directors of the Chamber, were honoured to respond to the invitation of Her Excellency, the Ambassador of Greece in Bucharest, Mrs. Sofia Grammata, and Mr. Theodoros Skandalidis, Honorary Consul of Greece in Constanta.
