Romania’s trade deficit (goods) surged by 38% y/y to EUR 2.74 billion in January, as the exports picked up encouragingly by 2.4% y/y, still insufficient to offset the 10.3% y/y advance of imports, according to data published by the statistics office INS.
Romania’s exports rose by 2.4% y/y to EUR 7.25 billion, while the imports advanced faster by 10.3% y/y to EUR 9.99 billion.
The deficit has particularly widened for the category of food goods (and live animals), goods...
The National University of Political Studies and Public Administration (SNSPA) in Romania has announced its decision to initiate the procedures for nominating US president Donald Trump for the Nobel Peace Prize. The university's Senate approved the move on Thursday, March 13, citing Trump's efforts in "promoting...
Over 30 NGOs and civic groups in Bucharest are protesting a recent decision by Ilfov’s Forestry Directorate and the Greenfield Băneasa Federation to open another forest road in Băneasa Forest to vehicle traffic. They argue the project will lead to the fragmentation of the forest, posing a serious threat to nature and the health of […]
The European Investment Bank (EIB) has pledged up to EUR 30 million to support the development of one of Romania’s largest onshore wind farms, Pestera II, near the city of Constanta on the Black Sea coast. The investment will co-finance the project alongside funds managed by Copenhagen Infrastructure Partners (CIP), a Danish firm specializing in […]
British journalist Charlie Ottley, known for creating documentaries about Romania's natural landscapes, such as "Wild Carpathia" and "Flavours of Romania," will promote the city of Deva, in the western part of the country. The journalist, who has expressed his love for Romania’s natural beauty several times and has authored numerous documentaries on several regions, met...
Victor Ponta, a former prime minister and leader of the Social Democrats (PSD), has been expelled from the PSD after launching his candidacy for the upcoming presidential election as an independent. The decision was made during a meeting of the party’s National Political Council on Wednesday, March 12, according to
In the digitalisation landscape we see more companies having AI as an objective, but struggling to find an actual use for it. Sure, AI can bring significant benefits to your company, and that’s why it’s essential to understand where this ‘catch-all’ technology fits in a Business. “The perfect candidate for an AI solution – so […]
