National leader of Romania's Social Democratic Party (PSD) Marcel Ciolacu, in Rome to attend the Congress of the Party of European Socialists (PES), said on Friday that the future candidate of this political family for head of the European Commission, Luxembourg's Nicolas Schmit, incumbent commissioner for labour, is a "friend of Romania.""The European Social Democratic family has gathered in Rome to unveil its joint candidate for the European Commission, Commissioner for Jobs and Social Rights Nicolas Schmit. Nicolas is a friend of Romania who has supported us in removing the cap on pensions under the National Recovery and Resilience Plan (PNRR) and in attracting additional European funds," Ciolacu said in a social media post on FridayHe added that he discussed with PES President Stefan Lofven the Social Democratic Party's strategy for winning the election. "I was glad that we have benefitted from the consistent support of the European social-democratic family," said the PSD leader.Marcel Ciolacu says that Europe needs more social policies, humanisation, "the energy and ideas that European social-democracy supports.""When we say that no one should be left behind, we must also take action. And, I humbly say it, we have always been the ones who have done it. Whether we are talking about Pedro Sanchez in Spain, Antonio Costa in Portugal, Stefan Lofven in Sweden, Mette Frederiksen in Denmark, Olaf Scholz in Germany or the Social Democratic Party in Romania, we were the ones who increased the minimum wage, increased pensions, created jobs, supported young people and developed our countries. And another example is Nicolas Schmit, the incumbent commissioner for jobs and social rights, the man who developed the SURE programme under which we've saved millions of jobs. Under SURE, Romania has benefitted from over EUR 3 billion," Ciolacu wrote in a social media post on Saturday.Ciolacu on Friday and Saturday attended the Congress of the Party of European Socialists (PES) in Rome ahead of the June 2024 European Parliament election.
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
Moldovan president Maia Sandu has acknowledged that some local entrepreneurs are transferring capital to Romania due to its stability as a European Union and NATO member state. Speaking about the country's economic stagnation in 2024, when GDP grew by only 0.1%, and the technical recession in the second half of the year, Sandu highlighted concerns […]
Battery Energy Storage Systems (BESS) are set to become a central component of Romania's power system, according to Oxford-based Aurora Energy Research, whose analysts see investments in Romania's BESS totaling several gigawatts of capacity and several billion euros over the next decade. Aurora pointed to both the opportunities and the risks and uncertainties associated with […]
Romania’s insurance market grew by 11% year-on-year in 2024, reaching a total gross written premium volume of RON 23.4bn (EUR 4.7bn), according to a report published on 1 April by the Financial Supervisory Authority (ASF). General insurance accounted for 81% of total underwritings, while life insurance represented 19%. The total value of insurance premiums for […]
Romania’s authorities are reportedly negotiating with Turkish company Desan Shipyard, which is pondering the option of taking over the activity of Damen Shipyards Mangalia, abandoned last year by its 49% strategic shareholder Damen and currently under insolvency, according to
