The integrated development of the rural environment could provide inspiration for a new economic growth model, head of the European Commission's Representation Office in Bucharest Angela Filote said on Monday. ''When we look at the integrated development of the rural environment, we can find inspiration for a new economic growth model, where the economy grows in harmony with nature,'' said Filote. In a debate about the integrated development of rural areas, Filote advocated the increase in productivity in Romania and a transformation in the way to produce, referring in the context to both products with a low market value and to those with a high value, spanning the entire range from small-scale technologies to high technology. "If we carry on like this we will exhaust the planet's resources and we need an economic growth model based on intergenerational solidarity. Let us bequeath to the future generations a planet they can live on," said Angela Filote, referring not only to the situation in Romania, but to what happens at global scale. The head of European Commission's Representation Office in Bucharest considers that Romania is at a "turning point" where the current economic growth model can be changed. "In the 25 years since the Revolution, Romania has had an economic growth model that generated growth (...), yet without generating growth for the citizen. It is a consumption-based growth, which pretty much relies on very low wages. But a sustainable economic growth is based on production and it's this growth that also offers satisfaction to the citizen that leads to wage growth. The efforts made over several financial assistance programs which imposed austerity allowed the creation of fiscal space that made specific measures possible, wage growth included, but this fiscal space is not large enough to prompt a wage increase that can also reflect in higher living standards," Filote said. She explained that Romanians have not yet reaped the benefits they were expecting after the country's EU accession and the economic growth model the EU relied on in the first 50 years of its history is no longer viable. "If the European integration process in the first 50 years resulted in the reduction of gaps between member states and between the various social groups in the European Union, now, as we draw the line eight years after accession, we see that in Romania the gaps have not narrowed but have widened, both those separating various regions of the country and those between various social groups. Therefore, I think this is a good time to ask the question what can Romania offer the European Union, because a process of reflection on a new economic growth model has started, in the EU as well," said Filote.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
