German exports to Romania experienced a modest decline of 1.2%, totaling over €5.68 billion. However, Romanian imports from Germany saw a more significant reduction of 11.4%, reaching a volume of €4.68 billion.
Sebastian Metz, General Director of AHK Romania, said: "The decline in German imports from Romania (and thus Romanian exports) is primarily due to the weak economic dynamics in Germany and the tense economic situation across Europe. Precisely in this challenging context, it becomes evident that Romania, as a business location, must focus even more on improving its competitiveness."
Metz further emphasized the short-term need for expenditure-focused budgetary consolidation measures and a significant reduction in bureaucracy to strengthen state credibility and create a basis for sustainable budgetary development.
