The expenses incurred in 2023 for the research and development activity amounted to 8.288 billion RON, representing 0.51% of the Gross Domestic Product, of which 0.19% for the public sector and 0.32% for the private sector, according to the centralized data of National Institute of Statistics (INS).At the end of 2023, 48,103 employees were working in research and development, down 1.9% compared to 2022.According to the cited source, in 2023 8.288 billion RON were spent on the four performance sectors of the research and development activity, of which 7.355 billion RON were current expenses (88.7%) and 933.2 million RON were capital expenses , respectively 11.3%.According to the funding sources of the total research and development expenses, in 2023, the sources provided by enterprises had the highest weight, respectively 54.2%, followed by public funds (including general public university funds), respectively 28.4% .In terms of funding sources, the largest amounts from public funds were received by units from the government sector, with a weight of 80%, followed by units from the higher education sector, with a weight of 43.7%.The sources of funding for the research-development activity from abroad were mostly directed towards the units of the business environment sector (47.9%), the higher education sector (33.9%) and the government sector (15.2%).On December 31, 2023, 48,103 employees worked in research and development, of which 22,182 were women, respectively 46.1%.At the end of 2023, according to the level of professional training of employees who worked in research and development, 40,873 employees had higher education.From the total number of employees involved in the research and development activity, 40.5% had doctoral studies and postdoctoral programs as their training level, 44.5% had higher bachelor's, master's and/or courses and postgraduate studies and 15% other training level (exclusively higher). Among employees with doctoral studies and postdoctoral programs, 50.2% were women.Depending on the hours actually worked, 73.3% of the employees who carried out research-development activity in 2023, worked full-time.By occupation category, in 2023 the largest share of employees from the research and development activity was represented by researchers, 64.8% of the total, respectively 31,182 employees, an increase of 1,345 employees, compared to 2022.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
