The government will support companies that supply themselves from Ukraine, Russia and Belarus and who will be reducing production if they cannot bring raw materials from these countries, Minister of Labor Marius Budai said, on Wednesday, in the briefing at the end of the Government sitting."For the moment there are no cases of companies with such problems. But there will probably be cases of companies, you saw the case of TMK Artrom, where we were involved and we intervened so they can receive their wages, if any problem comes up in the supply chain and they have no raw materials left, production certainly is reduced, then we have need for social protection," said Budai.Social protection is both for the employer, as well as the employee, he emphasized."The employer is supported not to conduct layoffs. The state takes over part of the costs for employees. We are going on that format of 75 percent that was used in the pandemic. The Emergency Ordinance will be available until December 31, 2022 and if it's the case, we'll extend it," said the minister."We started with Ukraine and Russia, but we found out that there are countries with contractual obligations with Belarus and we introduced that country as well," he said.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
