Capital must flow not only from deposits into credits, but also from saving in private companies which create jobs and that is why it is important to have a developed capital and banling market, says Cristian Popa, a member of the Administration Board of the National Bank of Romania at the 12th edition of BVB Awards 2025, the annual ceremony awarding performances in the capital market in 2024. He referred to the increase of the number of stock market investors, mentioning that in 2015 there were 60,000-70,000 investors and 202,000 in 2024. At the same time, Popa reminded that the increase of GDP/ capita seven times and of the number of highway kilometers have grown ten times in the last 20 years. “There are figures that should be mentioned, especially in the context in which we operate now. Figures about the number of highway kilometers in Romania are undeniable: 113 km in 2003, 1074 in 2023, over 1,200 at present, an increase by ten times. GDP per capita was 2,400 euros 20 years ago, now it is 17,000 euros, that is an increase by 7 times. Direct foreign investments were 9.6 billion euros in 2003, 118 billion euros in 2023,”Popa said. He pointed out that Romania has known an important development, sometimes forgotten. “It is a fantastic development we tend to forget sometimes. We simply forget where we forget where we started from and where we are now. The average Romanian lives 80% of the life span of an average European. We must say that being and EU member helped Romania a lot, as well as the money coming from EU, 66 billion euros. These high contributions helped develop Romania by building roads, bridges , hospitals and helped us get where we are. I think it is important to remind those figures, because sometimes we lose the perspective being preoccupied by the present and foregetting to consider achievements,” Popa pointed out.
The United States has temporarily suspended the implementation of the Electronic System for Travel Authorization (ESTA) for Romanian citizens as it conducts a review of Romania’s recent designation into the Visa Waiver Program (VWP). The US Department of Homeland Security (DHS) announced that the review is aimed at ensuring compliance with the VWP’s security requirements. […]
A team of students from the Faculty of Economics and Business Administration (FSEGA) at Babeș-Bolyai University (UBB) in Cluj-Napoca won the gold medal at the 29th edition of the international economics case study competition titled ‘NIBS Worldwide Case Competition.’ The competition held in Nanchang, China, brought together 16 university teams from 13 countries, qualified through […]
Metrorex, the public authority managing Bucharest’s subway system, will install protective panels on platforms, starting with the Line 4 (Gara de Nord 2 - Gara Progresul) currently under construction, Profit.ro reported. The new stations will be equipped...
Romania has the lowest budget allocation for research among European Union (EU) member states, according to the latest infographic published by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. In 2023, Romania allocated just...
Pavel Popescu, the vice president of media regulator ANCOM, said in an interview with Politico published March 24 that Romania is fighting an information war with Russia to stop election meddling, and not censoring speech, as many US officials and figures like Elon Musk have said. The Politico article names Romania “ground zero in a […]
More than 2,300 military personnel from Romania and 11 allied nations, namely Albania, Bulgaria, Canada, France, Greece, Italy, the Netherlands, Spain, the United Kingdom, the United States, and Turkey, will take part in the multinational military exercise Sea Shield 25, set to take place from March 31 to April 11. Training sessions will be conducted […]
