Category: Uncategorized

Under 150,000 non-EU workers are currently in Romania, helping the country deal with an acute labor shortage that has been ongoing for years. The government is also set to approve a quota of 100,000 foreign workers in 2025.  According to data provided by the Labor Inspection, the number of active individual employment contracts held by…

Bucharest mayor Nicușor Dan recently stated that conservation and protection works at Hanul Solacolu are continuing with a focus on the first-floor level of the main building and the installation of the first beams that will support the temporary roof. The building dating back to 1859 is one of the capital’s iconic buildings, and was…

More than 390,000 people visited the retrospective dedicated to the Romanian sculptor Constantin Brâncuşi at the Centre Pompidou in 2024, the museum announced. The show, which closed its doors on July 1 of last year, had a daily average of nearly 5,000 entries, the institution said. Overall, the Centre Pompidou welcomed 3,204,369 visitors in 2024,…

The Romanian-American actor Sebastian Stan won his first Golden Globe for his role in the film A Different Man. In his acceptance speech, the artist thanked the people on his team and the film crew, as well as his parents, and concluded his speech by saying “România, te iubesc” (Romania, I love you). In the…

Former Liberal (PNL) president Crin Antonescu declared his presidential candidacy “unilaterally suspended.” Antonescu had accepted to run for president after the proposal of the ruling coalition formed by the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians in Romania (UDMR), and the minorities’ group in Parliament. Antonescu confirmed his commitment to running in…

The decision of the Romanian Constitutional Court (CCR) to annul the presidential elections is considered by most respondents (28%) as the most important event of the year 2024 in Romania, according to an IRES telephone survey.  CCR’s decision to cancel the first round of the presidential elections is considered good by just over a third…

Moldova will import from Romania some 62% of the electricity it needs in January for the territory controlled by the constitutional authorities (not including separatist region Transnistria), and the imports’ instant share will drop towards 50% only during night hours when the consumption decreases, according to the projections drafted by the state energy trader Energocom. The…

The 7%-of-GDP public deficit target is “extremely restrictive,” but the Finance Ministry will do its best to avoid VAT and income tax hikes this year, the Minister of Finance Tanczos Barna said on December 30, speaking of the 2025 budget planning. This year’s budget could be approved by the end of January if things go…

Romania’s public deficit surged 71% y/y to RON 126 billion (EUR 25.3 billion) in January-November, particularly due to expenditure-side elements, reaching  7.1% of the year’s estimated GDP in the first eleven months of the year from 4.6% of GDP in the same period of 2023. The nominal GDP is estimated to have advanced by 10%…

On Friday, January 3, aerospace and defense company Raytheon Technologies was awarded a USD 946 million contract by the US Pentagon to deliver an additional Patriot missile systems to Romania, aimed at bolstering the country’s air defense capabilities by 2029. The contract, which includes advanced radars, control stations, and interceptor missiles, marks Romania’s third order…