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Reducing corruption raises economic freedom : Romania is 57th in a 178-nation table on economic freedom

January 29, 2015

Romania is registering an economic freedom score of 66.6 points, up by 1.1 points year-on-year, which puts it on 57th place in the table of the freest economies of the world, according to the conclusions of a report published on Tuesday by the Heritage Foundation, a respected economic analysis think-tank in Washington. According to the [...]

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Online petition supports presidential candidacy of Romanian acting president Ilie Bolojan

Without an explicit source, an online petition was launched for the presidential candidacy of acting president Ilie Bolojan. Launched by the user "Ilie," the petition was signed by 4,258 on the first day, G4media.ro reported. The author of the petition seems to come from...

Polls suggest Romania's ruling coalition should not replace its presidential candidate

Two polls released on March 5 in Romania support the idea that the ruling coalition formed by Liberals (PNL), Social Democrats (PSD), and Hungarian party UDMR should not replace its presidential candidate Crin Antonescu. The polls were published as Antonescu's position as a presidential candidate seems at risk: on the one hand, his scores in […]

Romania expels Russia's military attache and his deputy

The Romanian authorities have declared the military, air, and naval attaché of the Russian Federation in Bucharest, as well as his deputy, persona non grata on Romanian territory, the Ministry of Foreign Affairs (MAE) announced on March 5. MAE claims that two Russian diplomats have carried out activities that contravene the provisions of the Vienna […]

Romanian investor develops EUR 30 mln golf course & residential project

Garanti BBVA, one of the most dynamic banks in Romania, announced it is granting long-term financing worth EUR 10 million to support the development of the National Golf & Country Club in Dâmbovița County, developed by DM Sport & Energy.  With a total value of EUR 30 million, this is a sports and leisure project […]

Romanian-German business association calls for less bureaucracy in extending grants

Companies of the Romanian-German Chamber of Commerce and Industry (AHK Romania) community summoned for the monthly meeting on March 5 launched a call for cooperation and unity between the social, economic, and political entities and requested more flexibility from the state to reduce bureaucracy regarding the allocation of funds for companies and investments, according to […]

IBM to set up Quantum Innovation Center in eastern Romania

The first IBM Quantum Innovation Center in Romania, FreeYa Mind, will operate in Iași and will train professionals capable of harnessing the potential of quantum technology in many fields, from complex simulations in medical research to cryptography and advanced artificial intelligence algorithms, according to Agerpres. "This collaboration...