The situation in the construction sector can be considered an important indicator of the general economic state of the country, and the National Bank of Romania (BNR) is interested in drawing up in-depth economic studies and analyzes about the developments in this field, the governor of the National Bank of Romania, Mugur Isarescu said on Wednesday."The field of construction, as a whole, now represents in Romania a major component of economic growth. Therefore, the situation in this sector can be considered an important indicator of the general economic state of the country. Today we are opening a dialogue platform with the representatives of this system. We are interested in drawing up in-depth economic studies and analyzes about the developments in this field. The partnership that we concluded with the Construction Designer Employers' Association can be integrated, moreover, into already established programs of the BNR, dedicated to the business environment, such as EconomicHub, which started in 2019. The central bank's initiative to contribute to the growth of entrepreneurial education at the national level, by starting in 2023 the Top Entrepreneurship project together with the Romanian Association of Banks, the Association of Financial Companies in Romania, the Romanian Fintech Association, the Bucharest Stock Exchange, the Romanian Banking Institute, the National Loan Guarantee Fund for SMEs, the Chamber of Commerce and Industry and representatives of the academic environment", Mugur Isarescu told the conference with the theme "Development - from planning for stability and durability", organized by the National Bank of Romania and Construction Designer Employers' Association.He mentioned that such collaborations are common for the National Bank, an institution that has openly assumed an important role in the economic debate.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
