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.
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
Several Israeli citizens got into a fight on a plane flying from Israel to Bucharest on Monday, September 15. Upon landing, Romanian police issued several fines. The scandal reportedly broke out for religious reasons. The argument involved roughly 30 passengers of the flight from Tel Aviv to Bucharest. At one point, seven passengers started to […]
