The textile industry has lost about 40,000 jobs in the last year, and the process continues as European countries are on the last few feet with preparations for implementing new European regulations on traceability starting next year, Termene.ro reports. Mihai Pasculescu, president of FEPAIUS – the Employers’ Federation of Textiles, Garments and Leather, says that in the last year, several tens of thousands of jobs have been lost, in a difficult economic context, and, unfortunately, the trend is continuing. “From 160,000 jobs a year ago, only 120,000 remain now, after having dropped from 800,000 in 1990, and the number continues to fall due to the European directive on the introduction of the QR code. This requires producers to comply with traceability standards and to use sustainable raw materials, with at least 40% being recyclable materials. Over the past year, there have been very few orders, as everyone wanted to clear out their stocks, since you cannot put a QR code on old merchandise and sell it in the European Community. What is likely to happen by the end of the year is even more dramatic,” said Mihai Pasculescu, president of FEPAIUS. In addition to this, a major blow for companies in the sector is the suspension of the export promotion program, which has made it practically impossible to participate in international trade fairs. This is particularly serious given the well-known fact that textile exports hold a significant share in Romania’s foreign trade. “In general, small firms, the subcontractors, have disappeared. Large companies that exported 100% have survived, but even they have been affected by the euro exchange rate, because the truth is we sell euros at 6 lei while the state gives us 5 lei, so I don’t think we can hold on. Profit margins are no higher than 4-5%,” Pasculescu told Termene.ro.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
