Category: Uncategorized
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Romanian students win four gold medals at 37th International Olympiad in Informatics
Romania achieved the best result in its history at the 37th edition of the International Olympiad in Informatics 2025. The four students representing the country each secured a gold medal. The olympiad took place in Sucre, Bolivia, and brought together participants from over 90 countries to compete in computer science. Romania’s golden team consisted of…
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Romania remains among the most expensive electricity markets in first half of 2025
Romania has the third-highest electricity spot price in the EU from the beginning of the year to date, maintaining the position it held last year, according to data analyzed by Profit.ro. The average daily price of electricity traded on the day-ahead market operated by OPCOM (equivalent in volume to approximately one-third of domestic consumption) was…
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Like talking to a forest: Tamás Dávid-Barrett on conversations with AI, its impacts, and why using it matters
With AI’s promise to elevate efficiency and access to knowledge comes the prospect of increased inequality for those who cannot access it. Against the backdrop of the many challenges AI poses, it is important to examine our truth bubbles, identities, and modes of organizing, behavioral scientist Tamás Dávid-Barrett argues. Tamás Dávid-Barrett, who trained as both…
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Romanians with average incomes increasingly unable to afford homes, study shows
Home prices continue to rise rapidly in most major cities across Europe and globally, including Romania. Bucharest and other large cities are nearing the critical threshold of inaccessibility for residents with average incomes, according to an analysis by the Social Monitor, a project of Friedrich-Ebert-Stiftung Romania, based on data from Numbeo and Eurostat. In the…
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Romanian education trade unions protest austerity measures, threaten school boycott
Representatives of Romania’s main education trade union federations protested on August 4 for the fourth consecutive day in front of the Ministry of Education and Research, opposing austerity measures introduced under Law 141/2025, which came into force on August 1, Digi24 reported. Teachers warned they may boycott the autumn Baccalaureate exams and block the start…
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Civic association in Romania seeks public referendum on full-contributory public pensions
The Declic Community has submitted a petition signed by roughly 90,000 Romanians to the Presidential Administration, calling on president Nicușor Dan to initiate a national referendum on the reform of special pensions. The civic group is demanding that all pensions follow the contributory principle and that the retirement age be the same for all professions,…
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The 6 GW of approved new solar and wind power units may double Romania’s green power share to 40%
Besides 5.5 GW of installed solar and wind power units already in use, Romania’s market regulator ANRE has approved the construction of new units with a combined capacity of nearly 6 GW, which could double the contribution of the green energy (hydro not included) from 20% currently to 40%, according to Ziarul Financiar. “There are…
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OMV Petrom allowed to use crude oil and diesel reserve after refusing contaminated Azeri oil
Romania’s Ministry of Energy informed on Monday, August 4, that it has authorised OMV Petrom to temporarily use 80,000 tonnes of crude oil and 30,000 tonnes of diesel out of its reserves to offset the effects of refusing two ships carrying a total of 180,000 tonnes of contaminated Azeri crude oil. Minister Bogdan Ivan declared…
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Romania’s investment funds formed by mass privatisation extend EUR 100 mln to developer Prime Kapital
In a first move of this kind on the Romanian capital market, the five investment funds resulted from the mass privatisation scheme in the 90’s – Lion Capital, Evergent Investments, Transilvania Investments, Longshield Investment Group, and Infinity Capital (directly or through subsidiaries) – jointly financed, in full, the EUR 100 million bond issue of real…
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Households account for 17% of Romania’s public financing in January-July
By July 23, the Treasury had borrowed RON 28.93 billion (EUR 5.6 billion) from households this year, a share of 16.7% in the total public financing undertaken by the government to cover the record financing needs, according to data published by the Ministry of Finance and compiled by Cursdeguvernare.ro. The Treasury issues government bonds under…