Prime Minister Marcel Ciolacu declared at the beginning of Thursday's government meeting that Romania's economic growth this year will be 3.4 percent, the second highest in the EU.Ciolacu mentioned that 2024 will be "the year of investments", considering "the record-high" allocation of RON 120 billion for such projects, accounting for over 7 percent of GDP.The prime minister pointed out that the reform of the public service apparatus will be one of his term's priorities, stressing that this is "the most ambitious reform of the public system" in the last 30 years."The reorganization process of the ministries and public institutions is in full swing, and this will result in substantial expense cuts. The saved money will be directed where it is needed, that is to health care and education. 2024 must continue in the same direction," said the prime minister.Marcel Ciolacu also declared that in 2023 Romania had "the highest economic growth in the region, amid very difficult conditions," and referenced the latest forecast of the European Commission, according to which ten EU countries will face economic decline, as 12 member states have "significantly" overshot their deficit targets.
Creating a website can often feel like a challenging task, especially for those without programming or design experience. To meet the needs of a growing market, Andrei-Fredy Crăciun created Loopple AI, a platform that allows users to build fully functional websites in less than a minute with the help of artificial intelligence – no technical […]
Romania will set up and operate its first fish farms in the Black Sea this year, as announced by environment minister Mircea Fechet, with certain areas already assigned for future farms. Investments are long overdue, as discussions about fish farms in the Black Sea have been ongoing for decades in Romania, while similar investments have […]
Monica Tamaș has been appointed general manager of Unilever Romania and Moldova beginning January 2025. She will oversee the local strategy and investment initiatives "aimed at optimizing Unilever's performance within the Home Care, Beauty and Personal Care, and Nutrition sectors across Romania and Moldova." Tamaș joined Unilever Romania in 2013, following roles in leading FMCG […]
A recent scientific paper published in the Nature Communications journal revealed evidence of “hominin activity” dating back at least 1.95 million years in Romania. The result marks the oldest proof of human activity in Europe, predating that found in Georgia, set at 1.8 million years. The findings were built based on a thesis proposed in […]
Romania's Electromontaj signed a 10-year partnership with TenneT BV, the electricity transmission operator in the Netherlands. The collaboration, which includes the participation of three other international companies, will see the construction of 400 km of new high-voltage lines and the modernization of 600 km of existing lines, with a total project value of EUR 1.75 […]
APTIQ Global announces the affiliation of the Turkish firm CLK Consultancy under the APTIQ Tax brand, which means a strategic expansion into the Turkish market, while fostering growth and delivering exceptional value to their clients across Turkey, Germany, France, Switzerland, Austria, Ireland, Italy, Spain, Romania, Poland, the Czech Republic and Slovakia. As part of their […]
