In the current multi-annual budget framework of the European Union it is expected that the IT sector in Romania could attract a sum equal to or even larger than one billion euro, money that will come from European funds co-financing, as well as the business environment and the state budget, said yesterday in Cluj-Napoca, Minister [...]
Simina Tănăsescu, seen as belonging to the reformist wing of the Constitutional Court of Romania (CCR), has been elected as the Court's president for a three-year term following a vote held on July 11, Hotnews.ro announced. She succeeds Marian Enache, whose mandate expired earlier this month. Tănăsescu...
Prime minister Ilie Bolojan, the only candidate for the position of president of the National Liberal Party (PNL) in Romania, was elected to this position on July 12 at the party's Congress. Bolojan served as interim PNL head after Nicolae Ciuca resigned following his failure in the presidential elections last November. During his term as […]
The average net wage in Romania increased by 7.6% y/y to RON 5,508 (EUR 1,087) in May, while the real annual advance eased to +2.3% y/y – the slowest pace in nearly two years, according to data published by the statistics office. Further moderation is expected as the government froze the wages in the budgetary […]
The Trump Organization has announced the launch of its first luxury residential project in Romania, in partnership with Romanian developer SDC Imobiliare – a local Cluj Napoca-based real estate developer controlled by Ştefan Berciu. The project, Trump Tower Bucharest, marks the official debut of the Trump brand in the country, according to
The European Bank for Reconstruction and Development (EBRD) is close to selling Danube Logistics, the operator of Moldova’s main port, the international free port Giurgiulesti (PILG), to the state-owned operator of the Romanian port Constanta, following a competitive process that involved bidders from Turkey, Bulgaria, the Netherlands, and Denmark. If completed, the deal will consolidate […]
Social Democratic Party (PSD) member of the European Parliament Victor Negrescu has proposed a fourth reform package aimed at simplifying the procedures for accessing European funds in an effort to boost Romania’s absorption rate and administrative efficiency, according to Ziarul Financiar. Negrescu,...
