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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
