Category: Uncategorized

In 2024, Romania recorded the lowest employment rate among recent graduates in the European Union, according to data from Eurostat, the European statistics office.  With smaller generations reaching university-age at this moment, Romanian higher education institutions are competing for candidates, but they apparently fail to adjust their curricula to the market’s needs.  According to European…

The company Titluri Quality, which owns the Mediafax.ro platform and the Mediafax news and image agency, announced the signing of the contract for the full acquisition of the G4Media group, developed around the news website with the same name. All publications in the G4Media group will retain their management teams and editorial independence, G4Media announced,…

Finance minister Alexandru Nazare has instructed the Romanian tax authority (ANAF) to conduct integrity checks on large companies with persistent delays in tax payments and suspected fraud, as reported by Ziarul Financiar. Among the companies targeted is a major local tobacco producer, which reportedly owes over RON 600 million in total, including more than RON…

The Anghel Saligny national investment scheme is facing a financial blockage, after the funds allocated for paying invoices were exhausted as early as July 18, said development minister Cseke Attila, Ziarul Financiar reported. Securing proper financing under the scheme is one of the conditions outlined by the interim leader of the Social Democratic Party, PSD,…

Austria’s green projects developer Enery Elements, with the Three Seas Initiative investment fund behind it, and Czech Rezolv Energy, backed by British fund Actis, are among the winners of the second stage of the EU-funded CfD scheme organised by Romania, aimed at developing 1.5 GW of new PV power generation facilities by 2030. Each of…

Over 200,000 tourists are expected to travel to the Romanian coast during the St. Mary’s mini-holiday this weekend, marking what is anticipated to be the most crowded period of the summer. According to Litoralulromanesc.ro, occupancy in seaside accommodations will exceed 95%, with many hotels already fully booked between August 15 and 17.  This year, the…

Romanian president Nicușor Dan spoke by phone on August 12 with his Ukrainian counterpart Volodymyr Zelensky, expressing Romania’s support for US president Donald Trump’s efforts to find a solution to the war in Ukraine, provided that “peace is reached with Ukraine at the negotiation table.” Dan also accepted Zelensky’s invitation to visit Kyiv this autumn.…

Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania…

Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development…

French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago.…