Romanian insurance companies have seen a significant rise in compensation payouts for travel insurance policies in the past year.
According to a press release from UNSAR (National Union of Insurance and Reinsurance Companies from Romania), member companies paid nearly RON 50 million (EUR 10 mln) in claims for travel insurance in 2023. This marks an impressive 32% increase from the previous year and a staggering 171% rise compared to 2021.
These payouts were made to over 14,000...
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
Romania’s state-owned railway company CFR announced on Thursday, August 7, that it will be installing sound-absorbing panels on routes around Bucharest for the comfort of neighboring localities. Nearly RON 11 million (EUR 2.1 million) from the state budget has been allocated for 800 meters of panels with heights between two and four meters. Panels will […]
