Investment expenditures for this year are predicted at somewhere around RON 106 billion, or 6 percent of GDP, and the figure recorded in the first part of the year is RON 46.27 billion, 41 percent higher year-over-year, Secretary of State with the Finance Ministry Alin Marius Andries declared on Tuesday."These investments are, so to speak, the result of the implementation of cohesion policy, NRRP and national funding investment projects. Investment expenditure in the first part of the year was somewhere around RON 46.27 billion, by 41 percent more compared to the similar period of 2023, and we will continue to support these investments because only thus can we achieve sustainable economic growth and improve the Romanian citizens' standard of living," Alin Marius Andries told the conference "Upgrade Romania: The Impact of 2024's Large-size Investments", organized by DC Media Group.He mentioned that in 2024, 64 projects worth approximately RON 11 billion and which are likely to create more than 11,000 jobs are being implemented under the state aid schemes managed by the Ministry of Finance.In his turn, Minister of Economy, Entrepreneurship and Tourism Stefan Radu Oprea said that construction and IT remain the most dynamic sectors in the economy."We have the highest number of software engineers per 1,000 population in Europe and we are the 6th nation in the world by this criterion, which definitely benefits Romania. It is important for us to create more intellectual property in Romania, to have more research and development proprietary registrations here," Stefan Radu Oprea said.He also mentioned that the Romanian economy should switch from one investors were seeking for the low workforce pay to an economy where investors come for creativity, productivity, and for Romanian products.
TikTok has launched an Election Center dedicated to Romania's upcoming elections as part of its broader effort to protect "the integrity of the platform" and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement. […]
Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania "is faithful to democratic principles […]
Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings […]
The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films […]
Update: The Romanian Ministry of Foreign Affairs said in an official press release that the Romanian citizen was initially detained in the Abkhazia region four months ago and was later transferred to Sochi, Russia. "Steps have already been taken to provide consular protection and assistance with the central and local authorities, in accordance with international regulations," […]
Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to […]
