Articulating a strategy for Made in Romania production aligned with the Made in Europe agenda and public investments to help less competitive regions improve their performance and recover the gap, are among the recommendations of a study presented on Wednesday at an event organized by the European Institute in Romania (IER)."What is important is that this activity is closely correlated with the industrial policy of the European Union and with the sectoral strategies: solar, wind, hydrogen. So it should not go against Europe's energy and environmental policy, but in tandem with it," said Daniela Staicu, associate professor at the Academy of Economic Studies, Faculty of Business Administration with teaching in foreign languages, coordinator of SPOS 2023 homonymous study.The European Institute in Romania organized on Wednesday an event that is part of the Dialoguri@IER series, with the theme "Consolidation of a resilient European economy on the horizon of 2040. Romania's integration into European value chains".The study was presented by Daniela Staicu and Eugenia Gusilov, founding director of Romania Energy Center - ROEC, co-author of the homonymous SPOS 2023 study.Daniela Staicu mentioned that Romania's economy is 12th at the European level, with a GDP of 286 billion euros in 2022. Compared to the size of the European Union's economy, it represents 1.8% of the Union's GDP.She declared that the main cities that constituted the engines of economic growth of 4.8% from 2022 were Bucharest, Constanta and Brasov.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
