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Specialist study shows automotive industry joins retail trade, IT as main engines of Romania’s economy

October 3, 2017

The automotive industry is one of the main pillars of the Romanian economy, employing over 150,000 people and having contributed 47 percent of the country’s exports in 2016, according to a specialist study released on Monday. From one year to another, the automotive industry enjoys strong profitability. In 2016, it recorded an impressive growth rate, […]

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2026 World Cup draw sets Romania’s possible group against the US, Paraguay and Australia

Romania’s national team learned its potential group-stage opponents for the 2026 FIFA World Cup on Friday, December 5, during the official draw held at the John F. Kennedy Center for the Performing Arts in Washington, D.C. The winner of the UEFA play-off path that includes Romania will join Group D, alongside the United States, Paraguay, […]

Romanian president Nicuşor Dan to meet Emmanuel Macron during visit to France

Romanian president Nicuşor Dan is paying an official visit to France on Monday and Tuesday, with a schedule that includes meetings with French leader Emmanuel Macron, Paris mayor Anne Hidalgo, and members of the Romanian community,

How Bucharest residents in each district voted in the mayoral elections

The December 7 elections in Bucharest marked the lowest turnout in the last decade, but were also a major win for the National Liberal Party (PNL) since its candidate, Ciprian Ciucu, won a majority of votes in 5 of the 6 districts of the capital.  In District 1, Ciprian Ciucu obtained 40.29% of the votes. […]

Profit share in Romania drops to 48.1% in 2024 but remains among highest in Europe

Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]

Romania's High Court refers magistrates' pensions law to Constitutional Court

The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...

Romanian state to buy out minority shareholder at Bucharest Airports

The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...