The volume of electronic commerce advanced 24 pc last year, to EUR 158.9 M, according to data provided by Romcard and ePayment, quoted by Mediafax. During 2011, the growth was manifest in almost all segments. Significant increase rates were registered in the e-commerce with flowers (29.6 pc), toys (23.4 pc), gifts (21.3 pc) and IT [...]
Romania's general government budget deficit increased by nearly 40% y/y to over RON 11 billion (EUR 2.2 billion) in January 2025, according to data published by the Ministry of Finance. The gap in the first month of 2025 thus measures 0.58% of the GDP projected for the full year, up from 0.45% in January 2024. […]
Romania's economy is expected to rebound at a slower rate than previously expected at around 1.8% this year (down from 2.6% y/y projected in September), given the pressure to cut government deficits in an increasingly challenging domestic and external economic environment, according to the Regional Economic Prospects 2025 report issued by the European Bank for Reconstruction […]
The authorities in Bran, central Romania, recently revealed a plan to transform the central park into an attractive spot for leisure activities that would benefit from the proximity to the small community's famous castle. A specialized design firm has been contracted to modernize the park, and has already begun the process of obtaining approvals for […]
Rubik Hub has been ranked 39th out of 150 in the prestigious Europe’s Leading Start-up Hubs 2025 ranking. Compiled by the Financial Times, in collaboration with international research and data company Statista and start-up media platform Sifted, the ranking identifies and highlights the top-rated and most recommended start-up support programs across Europe. Rubik Hub achieved […]
Romanian foreign minister Emil Hurezeanu stated at the High-Level Segment of the 58th session of the UN Human Rights Council (HRC) in Geneva that strengthening mechanisms for investigating human rights violations in Ukraine is necessary. The statement comes as the United States under the Trump administration has toned down its condemnations against Russia amid the […]
Several Western embassies in Bucharest expressed support for Romania on Thursday, February 27, emphasizing its commitment to the rule of law, democratic values, and judicial independence, Biziday.ro reported. Representatives of France, Germany, the Netherlands, and Spain posted messages on social media reaffirming their confidence in Romania's institutions amid recent criticism from figures associated with the...
