Investment expenditures for this year are predicted at somewhere around RON 106 billion, or 6 percent of GDP, and the figure recorded in the first part of the year is RON 46.27 billion, 41 percent higher year-over-year, Secretary of State with the Finance Ministry Alin Marius Andries declared on Tuesday."These investments are, so to speak, the result of the implementation of cohesion policy, NRRP and national funding investment projects. Investment expenditure in the first part of the year was somewhere around RON 46.27 billion, by 41 percent more compared to the similar period of 2023, and we will continue to support these investments because only thus can we achieve sustainable economic growth and improve the Romanian citizens' standard of living," Alin Marius Andries told the conference "Upgrade Romania: The Impact of 2024's Large-size Investments", organized by DC Media Group.He mentioned that in 2024, 64 projects worth approximately RON 11 billion and which are likely to create more than 11,000 jobs are being implemented under the state aid schemes managed by the Ministry of Finance.In his turn, Minister of Economy, Entrepreneurship and Tourism Stefan Radu Oprea said that construction and IT remain the most dynamic sectors in the economy."We have the highest number of software engineers per 1,000 population in Europe and we are the 6th nation in the world by this criterion, which definitely benefits Romania. It is important for us to create more intellectual property in Romania, to have more research and development proprietary registrations here," Stefan Radu Oprea said.He also mentioned that the Romanian economy should switch from one investors were seeking for the low workforce pay to an economy where investors come for creativity, productivity, and for Romanian products.
Home sales increased in Romania with an annual rate of 6.6% in 2024, according to a report released by real estate consultant SVN Romania based on official statistics. The rise in Bucharest and the surrounding Ilfov county was 7.6%. Almost 169,000 residential units were sold last year in Romania, while home sales registered in the […]
Beginning in January 2025, Romania's armed forces have expanded their involvement in NATO's defense measures on the eastern flank by contributing personnel and military equipment to two additional battle groups. These are stationed in Slovakia, where Romania provides an anti-tank detachment, and Bulgaria, where a reconnaissance unit is deployed, the Ministry of Defence (MApN)
The Dacia Sandriders crew consisting of driver Nasser Al-Attiyah and co-driver Édouard Boulanger, representing Romanian car manufacturer Dacia at the famous Dakar Rally, secured the win in the ninth stage of the race. Nasser, 54, participated in six Olympic Games and won bronze in 2012 in Men's Skeet. This is his 21st Dakar Rally. Boulanger, […]
The Bucharest Tribunal has ruled to replace Andrew Tate's house arrest with judicial control in the ongoing case where he is investigated for the alleged sexual exploitation of 34 women. The decision is not final, according to News.ro. ...
Hundreds of police officers from several counties in Romania protested on January 14 against the reduction of their incomes as an effect of the fiscal corrective package endorsed by the government at the end of 2024. Under the corrective package, some bonuses have been reduced or eliminated, while overtime will be compensated with...
The Romanian far-right opposition party Alliance for the Union of Romanians (AUR) filed a request to summon the lawmakers on January 20-24 to begin the procedures for suspending president Klaus Iohannis from office, Digi24 reported. AUR...
