Romania ranks last in EU for the share of expenses for research and development in GDP, of only 0.38%, less than 1% registered by Greece, Bulgaria and Poland, according to Eurostat data. In 2014 the highest level of expense share for research and development in GDP was recorded in Finland (3.1%), Sweden (3.16%) and Denmark (3.08%). Austria allocated 2.99% for these expenses, Germany 2.84%, Belgium 2.46%, Slovenia 2.39% and France 2.26%. At the opposite pole we find Romania with only 0.38% of GDP allocated to research and development , other states with less than 1% of expenses - Cyprus (0.47%), Latvia (0.68%), Croatia (0.79%), Bulgaria (0.8%), Greece (0.83%), Malta (0.85%), Slovakia (0.89%) and Poland (0.94%). Compared to 2004, the GDP share of expenses for research and development grew in 23 member states, dropped in Croatia, Luxembourg, Finland and Sweden but remained the same in Romania. In 2014, EU states spent about a total of 283 billion euros for research and development but the GDP share was 2,03%, the same as in 2013. Ten years ago the EU GDP share was 1.76%. Compared to other large economies, the share of expenses for research and development in EU GDP was less than in South Korea (4.14% in 2013) and Japan (3.47% in 2013) and less than in USA (2.81% in 2012) but equal to that of China (2.08% in 2013) and higher than in Russia (1.15%).
The National Bank of Romania (BNR) ended 2024 with a profit of roughly RON 3.8 billion (EUR 760 million), a 58% increase compared to the previous year, despite the operations it performed to maintain the national currency's stability. The figures, published in a report on Monday, June 23, show that operating costs for 2024 were […]
Over half of Romanians trust the United States and the United Kingdom, according to the Informat.ro - INSCOP Research Barometer conducted between May 26–30, 2025. Only 11% trust Russia, with higher levels of trust from among far-right voters of the Alliance for the Union of Romanians (AUR) party. The United States is trusted by 52.8% […]
Prahova County launched construction on a major cycling infrastructure project aimed at connecting local vineyard towns and promoting green mobility and sustainable tourism. The initiative, titled “Establishment of Bicycle Lanes on Bachus’s Route,” represents an investment of over RON 25 million, with RON 21 million coming from non-reimbursable funds provided by the Environmental Fund Administration. […]
Forvis Mazars, the international audit, tax and advisory services partnership, is pleased to announce the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania. The Desk combines a highly qualified German team of lawyers with an interdisciplinary Romanian team of […]
Last week, the BBC reported that Romanian authorities have launched an investigation into Tristan Tate, brother of controversial internet personality Andrew Tate, over allegations he broke election laws by posting political content on social media during the recent presidential elections. The investigation, opened by the Ilfov county police according to the British newspaper's sources, is […]
Bucharest is facing growing environmental challenges, with traffic-related air pollution, shrinking green spaces, and worsening climate impacts threatening the health and well-being of its residents, according to the latest “State of the Environment in Bucharest” report released by the Bucharest Community Foundation through the Environmental Platform for Bucharest. For example, air pollution has already reached […]
