The Bucharest-Ilfov region is the most developed of Romania, with a Gross Domestic Product on inhabitant worth 131 pct of the European average, which means that Bucharest is above other European capital cities, such as Athens (98 pct), Madrid (128 pct), Berlin (113 pct) or Budapest (108 pct), an analysis sent by Friedrich-Ebert-Stiftung Romania says on Wednesday. The rest of Romania records a GDP/inhabitant of only 54 pct of the European average, and some regions less than this, namely the North-East (34 pct) or South (41 pct). The Social Monitor, a project by Friedrich-Ebert-Stiftung Romania has launched on Wednesday a new infographic displaying where Romania lays as compared to other states as regards the difference of development and incomes between Bucharest and the rest of the country. "The over-centralization of economy in the country's capital city is a particularity of Central and Eastern Europe, notwithstanding no other state records such a huge difference of development between the capital city and the rest of the country. In 2012, the average household income in Bucharest was worth 6,300 euro, while in the South and South-East regions it barely reached 2,700 euro, and in North-East 2,300 euro (data for 2012)," reads the Friedrich-Ebert-Stiftung Romania release. From the point of view of the education of the population aged 30-34 years, Bucharest is close to the average of the other canvassed capitals. According to the source, the percentage of the people aged 30-34 with higher education and of the unemployed, in school or in vocational training (NEET) places the city of Bucharest in a more difficult situation than Athens or Madrid, capital cities of some states that are confronted with high unemployment problems.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
