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?
Council of Europe, a continent-wide humanitarian organization, recommends that Romania put in place a national system of monitoring racist and anti-LGBTI incidents in schools. The recommendations come as the Council of Europe’s anti-racism body, the European Commission against Racism and Intolerance, published several reports, including on Romania, regarding policies and practices to prevent and combat […]
France’s minister for armed forces and veterans, Catherine Vautrin, declared on Thursday, October 30, during a press conference, that the French troops in Romania will not be downsized. The French minister was in Romania to meet with Romanian counterpart Ionuț Moșteanu. The two officials analyzed the security situation in the Black Sea region, France’s contribution […]
On the International Black Sea Day - October 31, Greenpeace Romania, in partnership with SkyTruth, launched an interactive satellite-based
The National Office for Gambling (ONJN) has added the Polymarket platform to its blacklist of unlicensed gambling operators in Romania, Ziarul Financiar announced. The decision follows a sharp increase in the platform’s activity during the recent election period. According to data published by Polymarket,...
UMB Steel, a company controlled by the family of Romanian entrepreneur Dorinel Umbrărescu, has launched renovation works at the Oțelu Roșu steel plant in Caraș-Severin County, Profit.ro reported. The facility, one of the oldest industrial sites in Romania with a history...
Grup EM, a Romanian holding active in the field of energy infrastructure with Electromontaj among its subsidiaries, announced its firm intention to list its shares on the AeRO market of the Bucharest Stock Exchange despite failing to meet the 10% free float following the IPO completed recently, Ziarul...
