The volume of wage remittances from Romania to other countries reached a record level of EUR 1.2 billion, according to Economica.net, which does not detail the source of the data. The National Bank of...
The European Commission decided on Wednesday, February 12, to issue a reasoned opinion to Romania for failing to correctly apply the regulations of EU Directive 2011/7 on combating late payments in commercial transactions, according to a statement from the Community Executive quoted by Economica.net.
The...
The volume of wage remittances from Romania to other countries reached a record level of EUR 1.2 billion, according to Economica.net, which does not detail the source of the data. The National Bank of...
Drilling operations for the Neptun Deep offshore gas project operated by OMV Petrom in Romania's Black Sea, which holds one of the European Union's most significant natural gas reserves, are set to commence soon, according to Reuters. "Once the vessel sets sail, drilling work can begin in...
The Knauf Group has received the construction permit for a EUR 75 million plasterboard factory in Huedin, Cluj county, marking the largest investment in the region, Economica.net reported. The permit approval was announced by Huedin’s mayor, Mircea Moroșan. The German company, which...
Romania’s acting president, Ilie Bolojan, held a phone conversation on Tuesday, February 25, with European Council president António Costa to discuss key issues on the European agenda, focusing on regional security and the EU’s continued support for Ukraine. Bolojan reaffirmed Romania’s commitment to a unified and coordinated EU approach, welcoming the upcoming extraordinary European Council […]
Romanian author Mircea Cărtărescu is on the longlist for this year’s International Booker Prize, the influential award for translated fiction, with the novel Solenoid, translated into English by Sean Cotter and published at Pushkin Press. He is the first Romanian author to be longlisted for the prize, alongside 12 other authors nominated for the International Booker […]
Investors from Western Europe, particularly Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling EUR 1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. The Western European's market share accounted for […]