Approximately 730,000 farms in Romania are family businesses, representing more than 90% of the total of over 800,000 farms, Nicu Vasile, the president of the League of Associations of Agricultural Producers in Romania (LAPAR) said on Tuesday."Since I came within these professional associations, I mean the LAPAR federation, I have seen many failures. Many addresses regarding the closure of family farms. (...) When I discuss an entity, a commercial company, I must refer to the macroeconomics of the respective country. Romania's policy does not allow more than to do a spot type business, for a very short period of time," mentioned Nicu Vasile, at the event "The Future of Family Businesses in Romania", organized by the publication Club Antreprenor.He pointed out that, at the national level, about 245,000 family farms are bankrupt because of "the policy we do at the European level, but also the distribution policy we have at the national level".According to him, a business plan cannot be made for a period longer than two years because of the very small profit that is obtained.
The second-largest pot in the history of the Romanian lottery game 6/49 was won by a 30-year-old engineer from Arad, who spent RON 12 (EUR 2.3) on a ticket online. He collected the roughly EUR 9.6 million in prize money on Tuesday, November 11. “The winner of the First Category Prize in the Loto 6/49 game […]
Romania has made notable progress in combating human trafficking, but additional efforts are needed to protect vulnerable groups from trafficking risks, identify and assist victims, and punish the perpetrators, according to a new report published by the Group of Experts on Action against Trafficking in Human Beings (GRETA) of the Council of Europe. The report evaluated the […]
Romanian deeptech company .lumen announced that its glasses for the blind have been named a CES 2026 Innovation Awards honoree in the Accessibility & Longevity category. Owned and produced by the Consumer Technology Association (CTA) in the US, the awards recognize outstanding design and engineering across 36 product categories. ...
The European Commission has officially recognized Cârnați din topor din Vâlcea as a Protected Geographical Indication (PGI) product, making it the 15th Romanian product to receive this European distinction. Produced in Vâlcea County, these traditional pork sausages are made from 80% meat and 20% fat, hand-chopped with a hatchet into large, uneven cubes, then smoked […]
District 4 mayor Daniel Băluță, backed by the governing Social Democratic Party (PSD), is the favorite in the race for the Bucharest City Hall, according to a poll conducted by Avangarde at the beginning of November 2025. The Bucharest mayoral elections will take place on December 7, and all major parties have put forth candidates for […]
Romania's president Nicusor Dan invited magistrates' bodies and government officials to agree on November 12 on a compromise form for the magistrates' pensions law that would not be referred to the Constitutional Court (CCR) but would be legislated quickly, such as to meet the November 28 deadline set under the National Recovery and Resilience Plan […]
