The economy of the eurozone and the European Union registered a slight increase in the second quarter, compared to the previous quarter, and Romania had the most modest economic performance in the EU bloc, according to revised data published by Eurostat on Friday. According to those data, the GDP of the 20 countries which switched to euro registered an advance of 0.2% between April and June 2024, as compared to the previous quarter. It is about performance slightly lower than the increase of 0.3% initially announced by Eurostat. The European Office revised the data regarding the EU, whose economy registered an advance of 0.2% in the second quarter as compared to the previous one, slightly less than the increase of 0.3% initially announced. Among the member states, the strogest growth rhythms of the GDP were in Poland (1.5%), Greece (1.1%) and the Netherlands (1%).Portugal and Romania are last in the top with economic growth of 0.1% in the second quarter, according to Eurostat. Separately, Eurostat published on Friday the figures regarding the evolution of the employmenbt rate in the second quarter. According to these data, the number of employed people increased by 0.2% in the euro zone, and by 0.1% in the European Union, in the second quarter, compared to the previous quarter, and Romania was the country with the strongest rate decrease of occupation from one quarter to another. In the second quarter of 2024, the member states that recorded the strongest increases in the employment rate were: Ireland and Lithuania (both by 1.1%) and Estonia. (0.8%). The most important decreases in the employment rate wer3e recorded in Romania (minus 0.5%) and Finland (0.4%). Eurostat estimates that in the second quarter of this year, there were 281,6 million employed people in the European Union, of which 170.1 million were in the eurozone.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
