The economy of the eurozone and the European Union registered a slight increase in the second quarter, compared to the previous quarter, and Romania had the most modest economic performance in the EU bloc, according to revised data published by Eurostat on Friday. According to those data, the GDP of the 20 countries which switched to euro registered an advance of 0.2% between April and June 2024, as compared to the previous quarter. It is about performance slightly lower than the increase of 0.3% initially announced by Eurostat. The European Office revised the data regarding the EU, whose economy registered an advance of 0.2% in the second quarter as compared to the previous one, slightly less than the increase of 0.3% initially announced. Among the member states, the strogest growth rhythms of the GDP were in Poland (1.5%), Greece (1.1%) and the Netherlands (1%).Portugal and Romania are last in the top with economic growth of 0.1% in the second quarter, according to Eurostat. Separately, Eurostat published on Friday the figures regarding the evolution of the employmenbt rate in the second quarter. According to these data, the number of employed people increased by 0.2% in the euro zone, and by 0.1% in the European Union, in the second quarter, compared to the previous quarter, and Romania was the country with the strongest rate decrease of occupation from one quarter to another. In the second quarter of 2024, the member states that recorded the strongest increases in the employment rate were: Ireland and Lithuania (both by 1.1%) and Estonia. (0.8%). The most important decreases in the employment rate wer3e recorded in Romania (minus 0.5%) and Finland (0.4%). Eurostat estimates that in the second quarter of this year, there were 281,6 million employed people in the European Union, of which 170.1 million were in the eurozone.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
