Romania ranks last in EU for the share of expenses for research and development in GDP, of only 0.38%, less than 1% registered by Greece, Bulgaria and Poland, according to Eurostat data. In 2014 the highest level of expense share for research and development in GDP was recorded in Finland (3.1%), Sweden (3.16%) and Denmark (3.08%). Austria allocated 2.99% for these expenses, Germany 2.84%, Belgium 2.46%, Slovenia 2.39% and France 2.26%. At the opposite pole we find Romania with only 0.38% of GDP allocated to research and development , other states with less than 1% of expenses - Cyprus (0.47%), Latvia (0.68%), Croatia (0.79%), Bulgaria (0.8%), Greece (0.83%), Malta (0.85%), Slovakia (0.89%) and Poland (0.94%). Compared to 2004, the GDP share of expenses for research and development grew in 23 member states, dropped in Croatia, Luxembourg, Finland and Sweden but remained the same in Romania. In 2014, EU states spent about a total of 283 billion euros for research and development but the GDP share was 2,03%, the same as in 2013. Ten years ago the EU GDP share was 1.76%. Compared to other large economies, the share of expenses for research and development in EU GDP was less than in South Korea (4.14% in 2013) and Japan (3.47% in 2013) and less than in USA (2.81% in 2012) but equal to that of China (2.08% in 2013) and higher than in Russia (1.15%).
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
The Romanian national postal company Posta Romana will close all its post offices "in the coming years" and rent them out, announced the company's general manager, Valentin Ștefan, quoted by Economica.net. The only reason for not closing the offices...
The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency...
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. "RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," […]
