A collection of 189 posts
Romanian Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea and Romanian Chemical Industry Association Romchimica signed a letter of intent regarding joint efforts in the country’s energy transition on Friday, May 17. The document will form the basis of collaboration for the development of initiatives and partnerships between the
Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were already higher in Romania than in Hungary last year. “Regarding purchasing power parity (PPP), 2023 was the first year when the wages of our eastern neighbour came before us,
Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the latest International Monetary Fund (IMF) projections, while Lithuania will draw level and Poland will not be far behind. The shift makes good on promises that the Central and Eastern
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024, EU official statistics office Eurostat reports. The EU’s highest inflation rates were also recorded in Central and Eastern Europe (CEE) countries, with the steepest price increases in Romania (6.7%), Croatia (4.9%
A 147.8km stretch of the A7 motorway between Bucharest and Moldova and north Romania will open this year, Romanian Prime Minister Marcel Ciolacu pledged at the Social Democratic Party (PSD) election conference in Suceava, north-east Romania, on Friday, 12 April. Parliamentary elections are scheduled to be held in Romania
Romanian Minister of Environment, Waters and Forests Mircea Fechet warned of the need for action as rising temperatures continue to increase the desertification of the country, speaking at the Romanian Business and Investment Roundtable in Bucharest on 5 April “According to our current science, this can only be combated through
NATO Secretary General Jens Stoltenberg agreed to progress with planning a greater role in coordinating aid to Ukraine on the first of two days of meetings at the NATO Headquarters in Brussels, Belgium, on Thursday 4 April, the 75th anniversary of the signing of the defence alliance’s founding document.
Romania and Bulgaria partly entered the Schengen free movement zone at midnight Sunday, 31 March, meaning air travel and freight, and sea freight in and out of the Central and Eastern Europe (CEE) countries no longer requires document control. The two countries’ partial Schengen membership does not include land routes
Europe remains heavily reliant on energy imports even after recent crises, as dependence on Russia has been replaced by that on other countries, according to an Intelligent Energy Association (AEI) analysis, based on data from the EU’s official statistics agency Eurostat. Romania is the country least dependent on imported
Romanian President Klaus Iohannis has approved the transit of Finnish equipment and supplies to Ukraine as well as the relevant training of around 50 Ukrainian pilots, the Romanian parliamentary press service announced on Monday, 18 March. The training of the pilots will take place in the second half of the
A total of EUR 400mn will be available to Romanian short- and medium-sized enterprises (SMEs) from 1 April, as the Start-Up Nation financing line enters a new phase thanks to an agreement with the European Commission (EC), Romanian European Investments and Projects Minister Adrian Caciu announced, news.ro reports. “After
The highest shares of women tertiary education graduates in the scientific STEM subjects were recorded in Romania (42.5%) and Poland (41.5%), according to new data released by the EU official statistics office Eurostat on International Women’s Day on 8 March. STEM subjects include engineering, natural sciences, mathematics
The rating for Romania’s long-term foreign currency debts is BBB- with a stable outlook, Fitch announced. According to the rating agency, the rating is due to Romania’s EU membership and associated capital inflows to support revenue convergence, external finances and macroeconomic stability. GDP per capita and human development
Blue Air’s restructuring plan has failed to restore its long-term viability and the Romanian state must return the EUR 33.84mn it gave to the Romanian airline during the pandemic, as it was incompatible with EU state aid rules, the European Commission (EC) announced. Romania bailed out struggling airline
The expansion plan of the new ammunition plant of Rheinmetall in Varpalota, west Hungary, has been underway since January, the German automotive and arms manufacturer has revealed. The extension will increase the size of the plant by 20 hectares to some 120 hectares and payroll to around 200 employees. The