The Monumental Ensemble "Calea Eroilor"(„THE WAY OF THE HEROES”), created by the sculptor Constantin Brancu?i in the municipality of Targu Jiu, has been included in the UNESCO world heritage, announced deputy Mihai Weber. The monumental ensemble erected in Targu Jiu, between 1937 and1938, by the father of modern sculpture, Constantin Brancu?i (1876-1957), is the great sculptor’s only public creation in Romania. Exegetes define the ensemble as „the only sculpture of modern times that can be compared with the great monuments of Egypt, Greece or the Renaissance”, combining sculpture, architecture and landscape. The ensemble stretches along an axis from west to east that crosses the city, starting from the bank of the Jiu River, from the Central Park, where the stone works are located – The Table of Silence, The Alley of Chairs and The Gate of the Kiss – continuing with „The Way of the Heroes”, on which the Church of the Holy Apostles is found, and culminating with The Endless Column, made of brass cast iron and steel, raised in the middle of a park, on a promontory. The ensemble was commissioned by the National League of Gorj Women, chaired by Arethia Tatarescu, the wife of the Prime Minister of Romania, Gheorghe Tatarescu, and donated to the city „to honor the memory of the Gorj heroes who sacrificed themselves in the reunification war”. It was inaugurated on October 27, 1938.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
