A contingent of 100,000 workers from other countries are allowed to work on the labour market in Romania in 2024, according to Government Decision no. 1,338 of December 29, 2023, informs the General Inspectorate for Immigration (IGI)."The decision regarding the establishment of this year's quota has been taken considering Romania's economic development potential, the need to ensure the labour force required in some sectors of activity or trades, which cannot be covered by Romanian workers, and also the need to prevent situations in which foreigners work in Romania without legal forms," shows the press release from the IGI sent on Monday.The Government establishes the quota of foreign workers who are allowed on the Romanian labour market at the proposal of the Ministry of Labour and Social Solidarity annually.
Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally […]
Romania has the 21st most expensive electricity in the world, according to a statistic compiled by the International Energy Agency (IEA), which compares electricity prices for households in 144 countries. Romania’s electricity is 70 times more expensive than the cheapest electricity in the world, which is sold to households in Iran, and 58 times cheaper […]
Radio România Muzical will broadcast, beginning November 13, eight recordings of the concerts conducted by Sergiu Celibidache in Romania. The initiative comes in a month that also sees the release of the biopic Yellow Tie, directed by the celebrated conductor’s son, and the launch of the volume Spațiul Celibidache (The Celibidache Space) by Stejărel Olaru. […]
Multinational consumer goods corporation Procter & Gamble will relocate its main Romanian headquarters to the business campus Yunity Park after signing a ten-year lease agreement with developer Genesis Property. The multinational will move to a space of approximately 7,000 sqm, located in Building E of the business campus, Genesis Property said. Genesis Property owns and […]
Bucharest was included for the first time in the European ranking of cities analyzed for investment in the Emerging Trends in Real Estate Europe 2026 report, recently published by PwC and the Urban Land Institute. The report shows a favorable context for Central and Eastern Europe, as companies explore investment opportunities due to lower utility […]
Digitail, a provider of AI-powered practice management software for veterinary clinics, has raised USD 23 million in a series B funding led by Five Elms Capital. Existing investors Atomico, Partech, Byfounders, Gradient, and others also participated. This brings the company's total investment to over USD 37 million. The investment will enable Digitail to accelerate product […]
