The government will support companies that supply themselves from Ukraine, Russia and Belarus and who will be reducing production if they cannot bring raw materials from these countries, Minister of Labor Marius Budai said, on Wednesday, in the briefing at the end of the Government sitting."For the moment there are no cases of companies with such problems. But there will probably be cases of companies, you saw the case of TMK Artrom, where we were involved and we intervened so they can receive their wages, if any problem comes up in the supply chain and they have no raw materials left, production certainly is reduced, then we have need for social protection," said Budai.Social protection is both for the employer, as well as the employee, he emphasized."The employer is supported not to conduct layoffs. The state takes over part of the costs for employees. We are going on that format of 75 percent that was used in the pandemic. The Emergency Ordinance will be available until December 31, 2022 and if it's the case, we'll extend it," said the minister."We started with Ukraine and Russia, but we found out that there are countries with contractual obligations with Belarus and we introduced that country as well," he said.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
