More than 40,000 positions will be cut from local administration in Romania as part of a wider effort to reduce public expenses. In total, the expected annual financial impact amounts to RON 2.2 billion (EUR 434 million).
The job cuts were announced by Romania’s minister of development, public works, and administration, Cseke Attila.
Also cut will be government jobs at the central level, from the cabinet of the prime minister, the deputy prime ministers, the ministers,...
Bistriţa, a city in northern Romania and a former Saxon burg, has been included in the UNESCO Creative Cities Network (UCCN), in the newly-established category of Architecture. This creative field adds to the seven existing ones: Crafts and Folk Art, Design, Film, Gastronomy, Literature, Media Arts, and Music. Bistriţa is one of 58 cities that […]
Real estate developers building residential projects in Bucharest’s District 1 will now be required to contribute financially to the construction of elementary schools in areas lacking educational facilities, the district’s City Hall announced on October 31, Profit.ro...
A bipartisan group of senior members of the United States Congress is preparing legislation to block the Pentagon’s plan to downsize the American military presence in Romania and other NATO outposts along the alliance’s eastern flank,
Prime minister Ilie Bolojan announced that he would not attend the “Prime Minister’s Hour” debate scheduled in Parliament for November 3, citing prior commitments related to Romania’s defence industry partnership with Germany’s Rheinmetall AG. The session had been requested separately by the opposition Social Democratic Party (PSD) and the nationalist Alliance for the Union of […]
Agroserv Măriuța SA (BVB: MILK), a Romanian company in the agricultural sector and owner of the Lăptăria cu Caimac brand, announced the successful closing of the private placement for a new issue of guaranteed corporate bonds, through which it attracted the entire targeted amount of EUR 3 million. “This transaction allows us to refinance the […]
Austrian bicycle manufacturer Simplon will open a new production facility in Timișoara, western Romania, in early 2026, as part of a restructuring plan that will see a partial relocation of operations from its headquarters in Hard, Vorarlberg, Der Standard reported, as cited by Ziarul Financiar. The...
