Category: Uncategorized
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Presence of horned dinosaurs in Europe confirmed by study that included University of Bucharest
A new study published in the prestigious journal Nature in collaboration with a researcher from the University of Bucharest has proven that ceratopsians, the so-called “horned dinosaurs” belonging to the Late Cretaceous period, actually reached Europe. The study was carried out by a team of researchers coordinated by prof. Susannah Maidment from the Natural History…
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First gas from Black Sea’s Neptun Deep project expected in 2027, minister says
The first molecule of natural gas from the Black Sea could be extracted in the first half of 2027, energy minister Bogdan Ivan said on Monday, January 12, citing faster-than-expected progress on the Neptun Deep offshore project. Speaking after a meeting of the National Energy Command, he said the physical advancement of the project is…
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A quarter of Romanians expect the worst from 2026, survey says
Roughly 39% of Romanians have a neutral attitude toward 2026, while 27% expect the worst, according to the latest study conducted by market research company Reveal Marketing Research. When it comes to Romanians’ expectations at the start of the new year, 35% of them are optimistic about an improvement in their personal financial situation. At…
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Automobile Dacia, Renault Technologie Roumanie among companies fined EUR 32 mln for no-poaching practices
Romania’s competition authority has fined eight companies, including Automobile Dacia and Renault Technologie Roumanie, a total of EUR 32 million for anti-competitive “no-poaching” agreements that restricted employee mobility on the labor market. The sanctions were announced by the Competition Council following an investigation into the automotive and engineering sectors. The authority found that the firms…
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Romanian justice minister accused of plagiarism denies wrongdoing, threatens lawsuit
Embattled Romanian justice minister Radu Marinescu announced plans to fight plagiarism accusations in the court during an interview given on Monday, January 12. Specifically, the Social Democratic minister is considering a lawsuit to “defend his right to image and reputation” following accusations that he plagiarized his doctoral thesis, which was completed roughly 20 years ago. “I…
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Shares of Romania’s tech group AROBS rise in Resilience facility-funded contracts with the state
AROBS Systems (BVB: AROBS), a company within the AROBS Group, the largest technology company with 100% Romanian capital listed on the Bucharest Exchange, has signed two digital transformation contracts with the Ministry of Health and the National House of Public Pensions (CNPP), projects financed through the National Recovery and Resilience Plan (PNRR). The cumulative value…
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Romania’s defence minister pledges 10% payroll envelope cut this year
Romania’s defence minister, Radu Miruță, said the ministry will implement a 10% cut in its payroll envelope this year, while avoiding redundancies and direct wage cuts, according to comments made to Antena 3, as reported by Digi24. He stated that the reduction would be achieved mainly by eliminating bonuses and other variable pay components. In…
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Romania’s authorities issue moderate economic growth forecast for coming years
Romania’s economy will rise by only 1% this year, after a moderate expansion estimated at 0.9% in 2025, according to the Autumn Forecast published by the Romanian state forecasting body, CNP. The growth will not accelerate greatly above 2% per annum in the coming years: 2.2% in 2027 after the worst part of the fiscal…
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Romanian households post still robust rates of income and consumption growth in Q3 2025
The average incomes of Romanian households increased by 5.2% y/y in Q3 2025, in real terms (discounted for consumer price inflation), a significant deceleration from the +10.9% y/y pace seen in Q2 – but still a robust rate in absolute terms given the higher inflation in the quarter (+9.2% y/y), according to calculations based on…
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Romania’s trade deficit shrinks amid subdued domestic demand
Romania’s imports dropped by 5.3% y/y to EUR 10.6 billion in November – the month when the wholesale traders bring in their merchandise for the peak retail sales, and the retailers’ business is gaining momentum. Exports edged down marginally by 0.1% y/y to EUR 8.4 billion in the same month, resulting in a trade deficit…