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.
NOCA (New Oradea Contemporary Art), a hub for to contemporary visual art, is set to open next month in Oradea, in northwestern Romania. It is meant as a "cultural lab dedicated to meetings between modern and contemporary art, multidisciplinary practices and events, and established and emerging artists." The center was founded by Oradea City Hall […]
Representatives from across the Romanian diaspora and officials from Romania and the United States will take part in this year’s Romanian Community Summit 2025 (RoSummit 2025), set to take place in Chicago on September 20. The event is organized through a partnership of the Romanian-American community in Chicago and other diaspora organizations. It will focus […]
Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, to Drobeta Turnu Severin, in the southern part of the country, could receive funding of EUR 6 – 7 million from the European Economic Area (EEA) and Norway Grants 2021-2028, Investments and European Funds minister Dragoș Pîslaru told
Romania has chosen Teodora Ana Mihai’s Jaful Secolului/Traffic as its official entry for the Best International Feature Film category at the 2026 Academy Awards. Starring Anamaria Vartolomei, Rareș Andrici, and Ionuț Niculae, the movie will be released in Romanian cinemas on September 23. The film, written by Palme d’Or winner Cristian Mungiu and directed by Mihai, […]
President Nicușor Dan and defense minister Ionuț Moșteanu said on Wednesday, September 10, that Romania stands in full solidarity with Poland after Russian drones crossed into its airspace overnight, calling the incident an unacceptable violation of a NATO ally's sovereignty and a dangerous escalation. The Polish military shot down the drones,
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global. The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging […]
