The International Monetary Fund (IMF) told the National Bank of Romania (BNR) officials that a 95 percent absorption of EU funds could lead to the potential GDP growth to 4.5 percent, BNR Chief Economist Valentin Lazea said on Wednesday, on the occasion of the launching of the 2017 economic outlook for Romania. “The International Monetary […]
Romanian digital solutions provider Life is Hard, in collaboration with Cloud Soft, Nordlogic Software, and EfectRO, recently signed a new contract with Cluj County Council to develop the Single Desk - Ghiseul Unic application. The contract is valued at RON 4 million (EUR 800,000) and will span three years. Its aim is to further the […]
In a global context marked by economic interdependence and complexity, the EURO-GCC Economic Initiative is establishing itself as a strategic collaboration platform between European countries, including Romania, and the member states of the Gulf Cooperation Council (GCC). Launched in support of companies from both regions, the initiative aims to maximize business and investment potential through the development […]
A major sheep breeder in Romania and the president of the “Dacia” Sheep Breeders Association, Dumitru Andreșoi, has been placed in detention for 30 days in a case led by the European Public Prosecutor’s Office (EPPO) for illegally obtained EU subsidies. Prosecutors say that Andreșoi “set up a criminal scheme to obtain EU subsidies for […]
A campaign to promote the pro-Russian candidate Alexandr Stoianoglo, currently running for the presidency of the Republic of Moldova, has started in Romania on TikTok through several well-known influencers and manele singers. The videos in question follow a similar format and started being posted earlier this week by influencers with over a million followers on […]
Romanian software development company OVES Enterprise said it is exploring a potential strategic partnership with Kongsberg Defence & Aerospace (KDA), one of the international leaders in defence solutions, aiming to integrate its Nemesis AI solution into the defence solutions developed by Kongsberg. OVES Enterprise hosted this week a delegation from KDA, Norway’s primary provider of […]
Slower declines in output and new orders recorded Inflationary pressures build Employment levels down for fifth month running The Romanian manufacturing sector entered the final quarter of the year stuck in contraction territory. Though operating conditions remained challenging, declines in both production and new orders were slower than in September. At the same time, firms […]
