BUCHAREST (Reuters) - The United States has asked to boost the number of troops and aircraft it has stationed at an airbase in NATO ally Romania, President Traian Basescu said on Tuesday, as tensions between the West and Russia simmer over neighboring Ukraine.U.S. forces have used the Mihail Kogalniceanu air base on the Black Sea in eastern Romania since 1999. It
Austria is expected to lift its veto on Schengen expansion by spring 2025, Kurier confirmed after Romanian media indicated such an imminent step. On November 22, Austrian interior minister Gerhard Karner will meet with his Romanian and Bulgarian counterparts in Budapest at an event organised by Hungary, which currently holds...
Romania’s competitive labour costs are driving growth in its Global Business Services (GBS) market, which is projected to expand at an annual rate of 10–15% over the next two to three years, according to research from consultancy firm Horváth. With a strong balance of cost efficiency and specialised skills, Romania has become a leading European […]
Nuclearelectrica (BVB: SNN) and France's Framatome have signed an agreement to produce the medical isotope Lutetium-177 (Lu-177) at Romania's Cernavodă nuclear power plant. Lu-177 is essential in targeted cancer treatments, especially for prostate cancer, where it selectively destroys cancer cells without damaging healthy tissue. The agreement follows a feasibility study confirming that Framatome's technology for […]
Romania’s deficit of the trade in goods has widened by 18.4% y/y to EUR 8.4 billion in Q3 as the imports (+4.9% y/y) are stimulated by private and public demand while the exports (+0.7% y/y) dwindle amid problematic industrial development and consumer confidence in Europe. The 18.4% y/y advance looks impressive, but it’s more of […]
Romania's headline inflation edged up slightly to 4.67% y/y in October from 4.62% y/y in September, as the prices increased by 0.67% m/m, according to data published by the statistics office INS. The small advance came amid analysts' expectations for a marginal slowdown witnessed by a Bloomberg survey median of 4.6% y/y. Most of the […]
The average nominal wage increased by 14.2% y/y in Romania in the third quarter of the year, accelerating from 13.2% y/y in Q2, according to data published by the statistics office INS. In real terms, this was the strongest advance in nearly five years. Such high growth rates were seen in high inflation periods over […]
