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.
More than 300,000 older people living in Romania’s urban areas are expected to spend Christmas alone, according to data cited by the NGO Niciodată Singur – Friends of the Elderly, which recently launched its annual holiday campaign aimed at tackling loneliness among seniors. The initiative, titled “Be the Carol That Breaks the Silence,” is based […]
Romanian farmers are set to benefit from improved access to financing following a EUR 25 million loan granted by the European Investment Bank (EIB) to Agricover Credit IFN SA, aimed at supporting micro agricultural businesses across the country. The funding will be provided under the InvestEU mandate and is intended to boost productivity and promote […]
Romanians rank among the most satisfied homeowners in Europe, but rising housing-related costs continue to put significant pressure on household budgets, according to the RE/MAX European Housing Trend Report 2025. The study showed that 81% of Romanians are happy with their living situation, above the European average of 77%, while 83% live in owner-occupied properties, […]
The Grand Chamber of the European Court of Human Rights (ECHR) on December 15 ruled in favor of judge Cristi Danileţ in his case against Romania and ruled that the Romanian authorities had violated Article 10 of the European Convention on Human Rights that guarantees freedom of expression, which includes the right to hold opinions […]
Romanian car battery producer Rombat SA has been fined a total of EUR 20.2 million by the European Commission for breaching European Union competition rules, the Commission said in a decision announced on December 15. Rombat is a subsidiary of the South African automotive components group Metair. The Commission found that Rombat participated in anti-competitive […]
Romania’s industrial output rose by 0.3% y/y in October, despite a negative performance (-0.3% y/y) in the core manufacturing segment, thanks to a robust 6.6% y/y advance in the segment of utilities, according to data published by the statistics office INS. On a monthly basis, the seasonally-adjusted industrial output advanced by 0.4% m/m despite 0.5% […]
