For the last three decades, Romania has enjoyed unprecedented growth. Since 1987, the country has increased its GDP by a staggering amount of $200 billion. Its main trade partners include Germany, Italy and France and its main trade exports are vehicles/vehicle parts and insulated wire, retaining however significant market share in the international food supply chain with grains (wheat, corn) and pig meat. The services industry however is accounting for 55% of GDP and employs two thirds of the labor force. Retail aside, a very high impact in the services sector is delivered by the model of shared services centers established by global corporations harvesting the benefit of highly skilled personnel at a cheaper labor cost within the security of EU and its regulatory framework. What would be the dynamic of the Romanian opportunity in the future?
The Sports Barometer in Romania, a study conducted by IRES and presented on Thursday, June 12, during the Sports Festival, reveals that 32% of Romanians do not engage in any type of physical activity, and that as age increases motivation drastically decreases. According to the study, 28% of Romanians are super-active and do a form […]
The Romanian-American University has officially launched the country’s first Department of Latin American Studies (DSLA), marking a significant step in its internationalization efforts. The inauguration brought together official representatives from eight Latin American countries - Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, and Uruguay - underlining the strong diplomatic support for deepening educational and cultural […]
Romanian president Nicușor Dan laid wreaths on Friday, June 13, at the Monument dedicated to the memory of the victims of the June 13–15, 1990 Mineriad and at the “Kilometer Zero of Democracy” Monument. The violent events of June 1990 remain in post-communist memory as the “June 13–15, 1990 Mineriad” and refer to the repression, […]
One of Sibiu’s most iconic landmarks, the Council Tower (Turnul Sfatului), will soon undergo a major restoration after the city secured nearly RON 16 million (around EUR 3.2 million) in non-reimbursable funding through the “Regiunea Centru” programme. The project, managed by the Regional Development Agency (ADR) Centru, aims to preserve and enhance a symbol of […]
The Foreign Ministry (MAE) asked Romanians in Israel to notify its representatives in the country of their presence and to follow the instructions of local authorities. The institution also issued a recommendation to avoid travel to Iran, in the context of Israel’s aerial strikes on Iranian nuclear installations. Moreover, several flights to Tel Aviv were cancelled. […]
A curated selection of critically acclaimed films by Romanian directors will be screened at the Ro-Mania Film Festival, set to take place in Berlin between June 20 and June 30. The festival will screen 43 films, including feature films, shorts, and documentaries, in a program that also covers concerts, workshops, debates, public readings, Q&As, and […]
