For the last three decades, Romania has enjoyed unprecedented growth. Since 1987, the country has increased its GDP by a staggering amount of $200 billion. Its main trade partners include Germany, Italy and France and its main trade exports are vehicles/vehicle parts and insulated wire, retaining however significant market share in the international food supply chain with grains (wheat, corn) and pig meat. The services industry however is accounting for 55% of GDP and employs two thirds of the labor force. Retail aside, a very high impact in the services sector is delivered by the model of shared services centers established by global corporations harvesting the benefit of highly skilled personnel at a cheaper labor cost within the security of EU and its regulatory framework. What would be the dynamic of the Romanian opportunity in the future?
Oradea, a major city in northwest Romania, has been selected as a pilot city in the European Union’s LIFE COOL ZONE project, aimed at addressing the growing impact of urban heat waves through climate adaptation strategies. The initiative, funded under the EU’s LIFE Programme, promotes cross-border cooperation between Romania and Hungary and focuses on scalable, […]
The ASTRA Center for Activities and Regional Resources in Sibiu, a medieval guildhall turned into a training and cultural hub, is among this year’s winners of the European Heritage Awards / Europa Nostra Awards in the Education, Training and Skills category. The Sibiu center has set “a national precedent for recognizing traditional crafts, professionalizing artisans, […]
Symmetrica, Romania’s leading producer of vibropressed paving stones and curbs, has finalized a EUR 15 million investment in a new production facility in Doaga, Vrancea county. The site becomes the company’s largest industrial center, spanning 30 hectares and including four production halls and a logistics warehouse. The new facility, built on infrastructure previously owned by […]
Froo, the convenience store format developed by Poland’s Żabka Group, opened its 100th store in Romania, just 12 months after entering the market. The expansion reflects the group’s rapid rollout strategy and growing footprint in Romanian urban and residential areas. Since entering the Romanian market, Froo stores opened in Bucharest, Pitești, and Constanța, averaging one […]
For the 11th consecutive year, the organizers of Untold are celebrating academic excellence through the “BAC de 10” campaign, offering free festival passes to students who score a perfect 10 on their national Baccalaureate exam. Over the past decade, more than 1,600 high school graduates have received complimentary access to the festival as part of […]
Symfonia Group, a leading provider of innovative software solutions for small and medium-sized enterprises in Poland, has added another tech company to its portfolio, by acquiring the local software company NextUp. NextUp is a fast-growing company based in Bucharest, delivering ERP type software to Romanian businesses. "Both in Poland and in Romania, our goal is […]
