The Romanian American Chamber of Commerce

Welcome

Welcome to the Romanian American Chamber of Commerce™ (RACC™)! We are the oldest bilateral trade association dedicated to the development of prosperous business relationships between Romania and the United States. The RACC™ conducts conferences, seminars, luncheons, and special events for member networking and to facilitate business development.

News

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3/8/2010

RACC 20th Anniversary Commemorated

Romania's Leading Web News Provider Commemorates RACC's 20th Anniversary

2/21/2010

RACC Man of the Year Featured in NY Times

RACC's 2007 Man of the Year, Herbert Rubin, Esq., was featured in the Sunday, February 21, 2010 edition of The New York Times

2/17/2010

Romanian Ambassador on RACC 20th Anniversary

Vierita lauds RACC for its leading role in US-Romania business

Events

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4/5/2010

RACC's Danube Valley Historic Artifacts Networking Event

The Lost World of Old Europe: The Danube Valley, 5000-3500 BC - RACC Networking Event at the Institute for the Study of the Ancient World

4/15/2010

"An Unimaginable Journey: How Pepsi beat the odds in Romania"

Join Aviad Meitar, founder of PepsiRomania, as he describes building his business in Romania in the early 1990's

5/20/2010

RACC Co-Sponsored Annual Spring European Chambers Networking Event

10th Annual European Chambers Networking Event at the Central Park Boat House

Membership has its benefits

Direct Assistance
Business Opportunity
Economic Development
Advocacy
Influence
Visibility
Savings on Programs

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News on Romania

Hotnews.ro English

Notes on the Analytica report: Basescu and the Putin model
"Basescu is probably attracted by the 'Putin model' in Russia: the creation of a political movement which dwarfs all others and ensures that he continues to rule behind the scenes", an analysis published on March 8 2010 by prestigious British think-tank Oxford Analytica indicates. According to the OXAN study, entitled "ROMANIA: Political games distract minds from economy", which starts with the attempt to replace Mircea Geoana from the Senate's leadership, Traian Basescu has a clear objective: "the creation of a political system in which the president is the only important player", but his plan might have little chances due to political volatility, the British analysis believe.
Romania's current account deficit dropped 73.2% in January. Sums sent by overseas Romanians went up
Romania's current account of the payments balance dropped by 73.2% in January against the same time last year, amounting to 123 billion euros, according to Romania's National Bank (BNR) data. The current account deficit was 459 in January 2009.
Romanian IKEA Franchise was sold to Swedish group
IKEA Romania has become part of the Swedish group IKEA starting with March 8, after local franchise owners decided to sell its operating rights and the store's franchise in Bucharest, a company's communiqué shows. IKEA store from Bucharest, whose red tape was cut in Mach 2007, has been operated until recently through a franchise system by the Moaro Trading company, on the basis of an agreement with Inter IKEA Systems.
PM: Romania risks ending up like Greece if reforms don't resume
Romania risks ending up in Greece’s situation on a medium and long terming, should the state not resume reforms, believes Romanian PM Emil Boc. "I can say it very loud and clear: Romania cannot afford the luxury to stop the reforms it has already begun: the salary law, the pensions law, the national education law, decentralisation and others".
Fitch Ratings awarded BB+ to Romania's Eurobonds issue
Fitch Ratings awarded BB+ to the Eurobonds issue that expires every five years, worth of one billion euros. It was launched on Thursday evening, March 11, by the Romanian state, a financial evaluation agency report shows. This rating is similar to that Romania received for long term foreign currency debt.