Strong Private Sector Key to Drive Romania’s Economic Growth, Says New IFC-World Bank Report Report identifies renewable energy, transportation, and finance as key sectors to accelerate private sector-led growth. Romania can build on the success of its booming IT sector and further boost its services sector by improving digital......
Human remains and archaeological artifacts dating thousands of years were discovered during construction work at the site of the Regional Oncology Hospital in Iași, in eastern Romania. Researchers from the Institute of Archaeology of the Romanian Academy's Iași branch uncovered several important artifacts during the dig. The team led by Dr. Măriuca Vornicu dated the […]
DropCoal, the experiment developed by the Romanian InSpace Engineering (RISE) with the support of the European Space Agency (ESA), is now operational on the International Space Station (ISS). Astronaut Donald Pettit installed it last week in the ICE Cubes Facility, and the entire process went smoothly, according to RISE. The experiment will run for 6 months […]
For the first time in modern history, Hungary holds more gold reserves than Romania after the National Bank of Hungary purchased 14.5 tons of gold at the end of September this year, according to Tavex Romania. The price of gold gold has increased by 25% this year alone and reached an all-time high of USD […]
While half of Romanian households manage to save money each month, 57% of these savings are kept in cash, according to the 2024 Debt Barometer, a study conducted by IRES in partnership with KRUK Romania. The research looks at financial habits, spending priorities, and debt payments, highlighting a pressing need for economic education and tailored […]
Romania’s national football team defeated Cyprus, 4-1 (2-0), on Monday, November 18, and consolidated its position as leader in Group C2 of the Nations League. The match began in Bucharest’s National Arena, and Romania scored immediately through forward Daniel Bîrligea. Cyprus responded with their own attacks but Romania scored again right before halftime. Back on […]
In an official statement marking 1,000 days since Russia began its full-scale invasion of Ukraine, US ambassador to Bucharest Kathleen Kavalec said the United States and Romania "stand together to counter the threats posed by Russia in Ukraine and in Europe" and thanked Romania for its support for Ukraine and its citizens. "Romania has shown […]
