Two Romanian citizens, suspects of coordinating drug shipments from South America for the UK market, were held by Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors following an operation conducted in several European states. The suspects are to be taken to court on Thursday with the proposal for pre-trial arrest. The groups’ leader and […]
The Romanian branch of the Austrian major integrator of IT&C solutions Kontron (formerly S&T), Kontron Services Romania, has planned to trigger a collective dismissal process, as a result of which 84 employees out of a total of 258 people will lose their jobs starting on June 13, according to
The Macroeconomic Confidence Indicator compiled by the CFA Romania Society decreased in March by 1.4 points, to 59.4 points on a 0-100 scale, with the 50-point benchmark indicating a balanced state of economy and expectations (or a balanced combination). "Although, in the short term, due to the influx of public money, the confidence in the […]
Romania’s financial intermediation is the lowest in the European Union, but the banks’ financial soundness and profitability are above respective averages; therefore, the banks can boost corporate lending, argued Florin Georgescu, first vice-governor of the National Bank of Romania (BNR). He explained that the banks can manage potential adverse external developments and have enough capital […]
Romania’s government announced that the public deficit increased by 58% y/y to RON 35.9 billion (EUR 7.2 billion/USD 7.7 billion) in Q1, the equivalent of 2.06% of the GDP projected for the whole year. The gap was only 1.42% of GDP in the same period last year. The government seeks to bring the public deficit […]
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
