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Foreign direct investments total EUR 5,512 million ten months into 2024

Monday, December 16, 2024

 Non-residents' direct investments in Romania totalled EUR 5,512 million (compared with EUR 5,904 million in January - October 2023), according to a National Bank of Romania (BNR) press release on Friday.Equity (including the estimated reinvestment of earnings) and intercompany lending recorded net values of EUR 4,246 million and EUR 1,266 million, respectively.According to recent data published by the National Trade Register Office (ONRC), ...

Romania receives 1.9 bn euros from structural and cohesion funds in 2021-2027 exercise

Monday, December 16, 2024

     Romania has received 1.9 billion euros from the structural and cohesion funds financed from the financial year 2021-2027, and the general uptake rate places it at the level of the European Union average, the Minister of Investments and of European Projects, Adrian Caciu announced on Friday."Romania received 1.9 billion euros from the structural and cohesion funds financed from the 2021-2027 financial year, ...

Industrial output down 1.8pct January through October

Monday, December 16, 2024

   Industrial output (gross series) went down 1.8% in the first ten months of this year, amid the decline recorded by the three industrial sectors, according to data published on Friday by the National Institute of Statistics (INS).A 5% decline was recorded in the production and supply of electricity and heat, gas, hot water and air conditioning, in the manufacturing industry the decrease was 1.5% and in the extractive industry ...

Industrial production grew more in Romania than in the EU in October compared to September

Monday, December 16, 2024

The industrial production in the euro zone stagnated in October 2024 as compared to September 2024, while in the EU it slightly grew by 0.3% and Romania is among the member states where industrial production grew from one month to the other, show the data published on Friday by the European Office for Statistics (Eurostat).According to those data, the highest increases of industrial production, in October as compared to September, were recorded in Ireland ...

Romania to produce cutting-edge semiconductors at IMT Bucharest 

Monday, December 16, 2024

  The Minister of Research, Innovation and Digitalization, Bogdan Ivan, announced on Friday the signing of a contract through which 130 million EUR of European money will be invested in Romania, in three production lines for cutting-edge semiconductors."We have signed the contract through which we are investing 130 million EUR of European money in three production lines for next-generation semiconductors - here in Romania. Semiconductors are the ...

Unemployment rate up 5.6pct in Q3 this year

Monday, December 16, 2024

The unemployment rate accounted for 5.6% in the third quarter of 2024, up 0.6 percentage points from the second quarter of this year, the National Institute of Statistics (INS) informs on Friday.According to the statistics, the employment rate of the working-age population (15-64 years old) was 63.3% in the third quarter, going down compared to the previous quarter.INS data show that, in the third quarter of 2024, the employment rate of the ...

Schengen: Council decides to lift land border controls with Bulgaria and Romania

Friday, December 13, 2024

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EU member states have decided to remove checks on persons at the internal land borders with and between Bulgaria and Romania from 1 January 2025, https://www.consilium.europa.eu/ informs.   „It is a historic moment to finally welcome Bulgaria ...

Joint communiqué of the Ministries of Foreign Affairs of Romania and the Republic of Bulgaria

Friday, December 13, 2024

    Romania and the Republic of Bulgaria strongly welcome the decision adopted unanimously today, December 12th, by the Justice and Home Affairs Council, on  completing the process of full integration of Romania and the Republic of Bulgaria  to the Schengen area. It is a historic decision that completes the process of accession of the two countries to the area of free movement within EU, a major objective of both ...

Tataru (ING): Romania should complete Schengen admition with modern highway network connecting all country regions

Friday, December 13, 2024

Romania's full admission to the Shengen area is a historic moment which should be marked as such, its significance going beyond immediate economic implications, said Valentin Tataru, head economist of ING Bank Romania on Thursday.   “Romania has now the duty to complete this success with what could better highlight a network of modern highways crossing Romania and uniting all country regions. ...

Defence minister Tilvar discusses preparations for NATO Summit 2025 with Dutch counterpart Brekelmans

Friday, December 13, 2024

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Minister of Defence Angel Tilvar conducted an official visit to The Hague, in the Kingdom of the Netherlands, on Thursday, at the invitation of his counterpart, Ruben Brekelmans.According to the Romanian Ministry of Defence (MApN), during the bilateral meeting, the two ministers discussed deepening defence cooperation between the two countries, as well as coordinating efforts within NATO and the European Union to strengthen security.A key topic ...

Government approves new Administrative Arrangement between Romania and Turkey in the field of social security

Friday, December 13, 2024

The government approved, in its Thursday meeting, the new Administrative Arrangement between Romania and Turkey in the field of social security, signed in the joint Romanian-Turkish government meeting from Ankara, on May 21,2024, the Ministry of Labor and Social Solidarity informs in a press release issued by the institution on Facebook.   “The government approved a new Administrative Arrangement, ...

New Government to be smaller, with lower number of state secretaries

Friday, December 13, 2024

The leader of the Save Romania Union (USR)'s deputies, Ionut Mosteanu, said on Thursday that the pro-European parties agreed to the idea that the future Government should have a smaller number of ministries than the current Government and a lower number of state secretaries.He mentioned that among the topics of discussion between the four parties are the administrative-territorial reorganization and the reform of the information services."There ...

POLITICO: TikTok influencers flee Romania amid tax probe into their election role

Friday, December 13, 2024

* Romanian tax authorities are now investigating ultranationalist Calin Georgescu and the TikTok activists who promoted his campaign, https://www.politico.eu/ reads.   Romanian TikTok influencers who helped propel an ultranationalist, pro-Putin candidate to the brink of the presidency have fled the country, pursued ...

Project on the control of the use of the national airspace, regarding unmanned aerial vehicles, approved by the Government

Friday, December 13, 2024

The government in Bucharest has adopted two draft laws to regulate the modalities of intervention in peacetime, in the case of ...

Government updates investment value for Magurele laser

Friday, December 13, 2024

The government updated on Thursday the total value of the investment for the Magurele laser Extreme Light Infrastructure – Nuclear Physics (ELI-NP) which reached 2.18 billion lei, according to the Executive spokesman Mihai Constantin.   The implementation of the project is carried out in two stages. The first stage – 2012-2015, was successfully completed , while the second stage is going on ...

2.1 billion RON allocated for projects under PNDL, Anghel Saligny, PNRR and CNI

Friday, December 13, 2024

The Government decided on Thursday to allocate 2,175,000,000 RON to finance projects under the National Local Development Programme, the Anghel Saligny National Investment Programme or the National Recovery and Resilience Plan.The money comes from the Budget Reserve Fund available to the Government for the year 2024, according to a press release issued by the Ministry of Development, Public Works and Administration.Thus, 1,435,000,000 RON will be ...

Financing agreement with EIF worth 106.7 million EUR for Innovation Romania Programme

Friday, December 13, 2024

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 The Ministry of European Investments and Projects (MIPE) announces the signing of a new financing agreement with the European Investment Fund (EIF) for the launch of the Innovation Romania Programme, with a total funding of 106.7 million EUR.According to a press release of the relevant ministry sent on Thursday, the programme is supported by Smart Growth, Digitization and Financial Instruments Programme 2021-2027 (PoCIDIF), from European Structural and ...

Average net salary in October reaches 5,268 lei, up 40 lei

Friday, December 13, 2024

The average net salary in October was 5,268 lei, an increase of 40 lei (+0.8%) compared to September 2024, and compared to October of the previous year, the average net salary rose by 12.3%, according to data published the National Institute of Statistics (INS) on Thursday.In October 2024, the average gross salary was 8,612 lei, 59 lei (+0.7%) higher than in September 2024.The highest average net salaries were recorded in information technology ...

Spark Foundry Report: Shifting Trends in Social Media, Streaming, and the Rise of confidence in TV News in Romania

Friday, December 13, 2024

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The latest edition of the Romanians New Media Adoption report, conducted by Spark Foundry’s Data Intelligence team, a media agency part of Publicis Groupe Romania, reveals a notable shift in media consumption habits among urban internet users. While online activities are declining, trust in traditional TV news has increased, signaling a renewed reliance on traditional media.   Internet ...

The Dutch Parliament has given the green light for Bulgaria and Romania's full Schengen membership

Thursday, December 12, 2024

The Netherlands have officially given the green light for Bulgaria and Romania’s full Schengen membership, following a vote in the Dutch parliament which took place on Wednesday and supported this recent decision of the government, relates the news site of the Bulgarian public television, says News.ro.   On Wednesday, the Freedom party of the extremist Geert Wilders, the largest party in the Dutch government coalition, tried to introduce a ...

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