Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. ...
Two Romanian students won the bronze medal at the International Applied Science Project Olympiad in Indonesia, held on the campus of the Sepuluh Nopember Institute of Technology in Surabaya.
The paper authored by Oprişescu Dulgheru Andrei Ştefan, a third-year student at the Faculty of Petroleum and Gas Engineering at the Petroleum and Gas University of Ploieşti, together with Raduţă Petrescu Andrei, a third-year student at the Faculty of Electrical Engineering at the Polytechnic...
Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. ...
The average net wage in Romania increased by 14.1% y/y to RON 4,973 (EUR 1,000) in Q1, after the earnings in March surprisingly exceeded those in December – seasonally boosted by yearend bonuses, according to data published by the statistics office INS. The higher net wages in March were in the tobacco processing industry (RON […]
Romania's seasonally (and workday) adjusted GDP rose by 0.5% q/q in Q1, reversing the 0.6% q/q decline in Q4 and bringing the index close to the level in Q3 last year – according to flash estimates published by the statistics office INS. The flash q/q estimate is roughly half of the expectations expressed...
Along with the consensus scenario of strong fiscal stimulus and robust domestic demand, the European Bank for Reconstruction and Development (EBRD) projects strong economic growth of 3.2% this year and 3.4% in 2025 for Romania, under the latest Regional Economic Prospects report published on May 15. The main vulnerability remains the fiscal position, the EBRD […]
The governor of the National Bank of Romania (BNR), Mugur Isărescu, speaking at the Inflation Report unveiling on May 15, declared that a fiscal correction is "absolutely necessary," but it is hard to carry out such policies during an electoral year such as 2024. "[The fiscal correction] is absolutely necessary, and we encourage the government […]
Reflecting the discretionary rise in public wages, the pension reform, and the strong public investments and despite the first fiscal corrective package passed in 2023 (with a positive impact of 1% of GDP this year), Romania's budget deficit will rise from 6.6% of GDP last year to 6.9% of GDP this year (ESA terms), according […]