More than 1,000 of the 1,500 employees of the Mangalia Naval Shipyard have entered technical unemployment by the end of this year, Rador Press Agency announces, quoting Radio Constanta. The “Navalistul” Free Trade Union and the management of the construction site have agreed to extend the Collective Labor Agreement until March next year and to resume collective bargaining in January. The first contracts could also appear from next year, says union leader Laurentiu Gobeaj?. “Starting next year at the earliest, there is a good chance that major projects will be signed that will ensure a working fund for several years, but until then only a small number of employees will continue their activity, and a significant number will be, for a long period, in technical unemployment”, says Laurentiu Gobeaja. The salaries for the month of June of the employees at the Damen Mangalia Shipyard are budgeted, and technical unemployment for them is ensured for at least 4 months. The Directorate of the Construction Site announced, at the end of May, that the entry into technical unemployment is inevitable. “In March we informed you that we were facing a difficult period and that we would need to adopt cost-cutting measures to overcome it (…) Today, we are in a critical situation. The construction site is empty and major projects are delayed. Although we have made significant progress in negotiating some major potential projects, these, even if successfully concluded, will not begin until 2025 (…) We have reached a point where a further postponement of the introduction of the technical unemployment measure is no longer possible. This is a difficult decision, but necessary to give our site the best chance of overcoming this critical period and being able to resume our activity in the future. The measure of technical unemployment will be implemented starting on June 3, 2024″, explained the management of the construction site last month. Meanwhile, Damen Holland requested the judges at the Constanta Court to declare bankruptcy of the Mangalia Shipyard, in which it owns 49% of the shares. The reason would be the existence of unpaid debts, which would amount to approximately 160 million euros.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
