Romania recorded the most significant economic advance among the 28 EU Member States, with a Gross Domestic Product (GDP) growth of 5.6 pct in the first quarter of 2017, against the same period in 2016, shows the third estimate released Thursday by the European Statistical Office (Eurostat). At an annual pace, the eurozone economy climbed […]
In 2024, Romania recorded the lowest employment rate among recent graduates in the European Union, according to data from Eurostat, the European statistics office. With smaller generations reaching university-age at this moment, Romanian higher education institutions are competing for candidates, but they apparently fail to adjust their curricula to the market’s needs. According to European […]
The company Titluri Quality, which owns the Mediafax.ro platform and the Mediafax news and image agency, announced the signing of the contract for the full acquisition of the G4Media group, developed around the news website with the same name. All publications in the G4Media group will retain their management teams and editorial independence, G4Media announced, […]
Finance minister Alexandru Nazare has instructed the Romanian tax authority (ANAF) to conduct integrity checks on large companies with persistent delays in tax payments and suspected fraud, as reported by Ziarul Financiar. Among the companies targeted is a major local tobacco producer, which...
The Anghel Saligny national investment scheme is facing a financial blockage, after the funds allocated for paying invoices were exhausted as early as July 18, said development minister Cseke Attila, Ziarul Financiar reported. Securing proper financing under the scheme is one...
Austria's green projects developer Enery Elements, with the Three Seas Initiative investment fund behind it, and Czech Rezolv Energy, backed by British fund Actis, are among the winners of the second stage of the EU-funded CfD scheme organised by Romania, aimed at developing 1.5 GW of new PV power generation facilities by 2030. Each of […]
Over 200,000 tourists are expected to travel to the Romanian coast during the St. Mary’s mini-holiday this weekend, marking what is anticipated to be the most crowded period of the summer. According to Litoralulromanesc.ro, occupancy in seaside accommodations will exceed 95%, with many hotels already fully booked between August 15 and 17. This year, the […]
