Romania is one of the most important countries in the European agricultural sector, considering that 23% of the total agricultural workforce in the EU, 1.77 million jobs, is concentrated here - the largest share in the Union, according to a recently launched profile report.Romania owns approximately a third of all farms in the EU, although 90% of them are under five hectares, meaning they are subsistence farms. Impact Hub Bucharest (EIT Food representative in Romania), in partnership with Startarium, launched the fourth edition of the report on Romanian AgriFood startups, which provides a comprehensive analysis of the ecosystem: "Romanian AgriFood Startups Overview Report 2024."The initiative is part of the series of preparatory events within the Empowering Women in Agrifood (EWA), dedicated to female entrepreneurs and projects created by them in the agrifood field. Empowering Women in Agrifood is an accelerator programme developed by EIT Food, the world's largest food innovation community. EIT Food is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union.According to the same report, agriculture continues to be a key sector for both the Romanian and European Union economies, despite a constantly decreasing contribution to GDP and an increasingly low profitability.The research shows that Romania is one of the most important countries in the European agricultural sector, considering that 23% of the total agricultural workforce in the EU is concentrated here (1.77 million jobs - the highest share in the Union). Also, 44.3% of farmers are over 65 years old, which highlights an acute problem regarding the aging of the workforce. An interesting fact revealed in the analysis is the percentage of women working in agriculture in Romania, 19% in 2021, the highest in the EU, the abovementioned document states.In 2023, when the available data was collected, there were 73 FoodTech and AgriTech startups in Romania. During 2018-2023, there were 18 rounds of financing attracted, of which 14 million euros for the FoodTech sector and four rounds worth 1.6 million euros for the AgriTech sector.In addition, according to the report, the level of digitalisation in Romanian farms is low, although the use of advanced technologies such as sensors, drones, satellite imaging or artificial intelligence would significantly increase the profitability of the sector.
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
Around 3.1 million Romanians lived outside the country in 2024, making Romania first among European Union countries in terms of the number of its citizens living abroad, in another EU member state, according to an infographic presented by the European Parliament. Roughly 16% of Romanians lived abroad last year, most in Italy (1.07 million), Germany […]
Hotel Cișmigiu in downtown Bucharest, part of Hercesa Romania’s portfolio since 2004, saw revenues and occupancy rise in the first half (H1) of 2025. Total revenues rose by 9% compared to the same period last year, while the hotel’s occupancy rate increased to 77%, up by six percentage points year-over-year. The Average Daily Rate (ADR) […]
The modernization of Reactor 1 within the Cernavodă nuclear power plant and the expansion of storage capacity for spent fuel have received environmental approval, according to energy minister Bogdan Ivan. Combined, the two projects will allow Reactor 1 to operate safely for another 30 years, providing 700 MW of energy, according to the official. The […]
