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 Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
