The Romanian Cultural Institute (ICR) in New York marks International Women's Day and National Women’s History Month with a special group exhibition titled GODDESSES, AMAZONS, and MOTHERS. On show from March 8 to April 12 in the Brâncuşi Gallery, the exhibition is “a celebration of female creativity and a testament to the enduring power and limitless potential of women everywhere.”
Created in collaboration with guest curator Aida Balamaci, an international expert in...
Romania’s labour market experienced a decline in job postings in 2024 compared to 2023 and 2022, reflecting global economic headwinds and companies’ cost-optimisation efforts after years of significant expansion and recruitment across industries, according to an analysis by online recruitment platform bestjobs. A total of 270,000 jobs were advertised this year, with the steepest declines […]
The Social Democrat (PSD), Liberal (PNL), and Hungarian (UDMR) parties announced on December 17 that they agreed on a set of reforms to be implemented by their future government. Notably, the reformist Save Romania Union (USR) did not attend the meeting and is not among the signatories of the document. The three other parties backed […]
The Romanian real estate market experienced a significant price increase in 2024, with the cost of apartments rising 10% year-on-year, according to the annual Storia report. Buyer preferences also shifted, with three-room apartments becoming the most sought-after, accounting for 51% of demand, compared to two-room apartments, which led in 2023. In 2024, the average price […]
The Romanian media market is set to close 2024 on a stable growth trajectory, reaching an estimated value of EUR 778 million, an 11% increase compared to 2023, according to the Media Fact Book report by Initiative Romania. The growth surpasses earlier forecasts despite economic and geopolitical challenges, driven by major sporting events such as […]
Minister of energy Sebastian Burduja said that the sale of the energy supply company E.ON Romania to Hungarian state-owned company MVM will be subject to a strict analysis and highlighted that the deal should not necessarily be approved. Significant concerns were prompted by the high price paid by MVM, reportedly around EUR 200 million compared […]
Fitch Ratings announced on December 17 that it revised the outlook on Romania's long-term forex Issuer Default Rating (IDR) to negative from stable while affirming the IDR at the latest investment-grade level (BBB-). "Political uncertainty has increased to high levels, and our assessment is that it will likely have a significant adverse effect on fiscal […]
