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%).
While half of Romanian households manage to save money each month, 57% of these savings are kept in cash, according to the 2024 Debt Barometer, a study conducted by IRES in partnership with KRUK Romania. The research looks at financial habits, spending priorities, and debt payments, highlighting a pressing need for economic education and tailored […]
Romania’s national football team defeated Cyprus, 4-1 (2-0), on Monday, November 18, and consolidated its position as leader in Group C2 of the Nations League. The match began in Bucharest’s National Arena, and Romania scored immediately through forward Daniel Bîrligea. Cyprus responded with their own attacks but Romania scored again right before halftime. Back on […]
In an official statement marking 1,000 days since Russia began its full-scale invasion of Ukraine, US ambassador to Bucharest Kathleen Kavalec said the United States and Romania "stand together to counter the threats posed by Russia in Ukraine and in Europe" and thanked Romania for its support for Ukraine and its citizens. "Romania has shown […]
Radiology and dental tomography network DigiRay has acquired the three Maraffka clinics in Ploiești, a city 60 km north of Bucharest. This is DigiRay's third acquisition after buying the Dental Scan centers in Bucharest in 2021 and YTS Dental View in Oradea, in northern Romania, this year. DigiRay (Clinică Dentară S.A) was founded in 2011 […]
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
