The reform and transparency in public administration, the completion of transport infrastructure projects, the development of the medium and long-term economic vision and putting an end to resource squandering are the major topics the Government will focus on, Prime Minister Dacian Ciolos says. The PM mentioned in a Facebook post on Friday the Government’s priorities […]
Romania’s seasonally adjusted unemployment rate held steady at 5.5% in September, unchanged from August, according to data published by the statistics office INS. The estimated number of unemployed people aged 15-74 fell slightly to 450,900 from 452,300 in August and 455,300 in September 2023. Unemployment rates varied by gender, with a rate of 5.7% for […]
NATO recently staged one of its largest military exercises in months at the Cincu training ground in Brașov County, Romania, where over 1,500 soldiers from seven allied countries simulated a response to an invasion scenario involving the country’s urgent defense. Fighter jets dropped bombs, and thousands of bullets were fired as NATO forces executed a […]
The Ministry of Finance in Romania revised the gross borrowing requirement from RON 217 billion to RON 235 billion, according to documents consulted by Profit.ro. Initially, Romania planned RON 181 billion gross loan borrowing requirements in line with...
The Canadian company Euro Sun Mining, the owner of the Rovina gold project in Romania, the second largest in Europe, has concluded a binding Memorandum of Understanding with the Anglo-Swiss group Glencore, the world's largest commodity trader, for the production to be obtained at the field in Romania. The project faces environmental hurdles generated by […]
The number of construction permits for residential buildings in Romania increased by 13.2% y/y in September, pushing up the annual advance to +3.3% y/y for the entire January-September period, according to the statistics office INS. The annual advance for the first nine months of the year was 3.4%, slightly larger than the average, for Bucharest. […]
Romanian state-owned company Hidroelectrica, the largest electricity producer in Romania, has launched a tender through which it wants to contract works for constructing an electricity storage facility at its Crucea Nord wind farm in Dobrogea, Profit reported. It took over the farm, with an...
