Economics ⁽¹⁶⁾

IBM's "Quantum Innovation Center," also known as FreeYa Mind, has been planned for completion in 2026. The plant will be in Iasi, Romania's cultural capial near the Moldova border. It will train professionals in the power of complex simulations and medical research related to quantum computing…

The activist group Mining Watch Romania has created a petition and open letter to the Prime Minister Ciolacu to halt the renewal of the Certej mining liscence. They express concern over not only the environmental consequences of the project, but also the connection between the…

Bogdan Gruia, the Economic minister of Romania, has plans for his country's re-industrialization. On a visit to the Barlad Bearings Factory, he asked the management to seek a liscence for the supplying defense technology. Barlad, which is near the Moldova motorway, is part of an…

For ten months Romania has endured the embarassing position of the highest EU inflation rate. This January, they were overtaken by Hungary's 5.7% rate. The inflation rate in the EU and in the euro area rose 0.1% each from december into this January. The European…

Polizu Maternity Hospital in Bucharest is being modernized with a 3 million euro donation from the Save the Children Romania organization. The rehabilitation project will upgrade all the medical equipment in the Intensive Care Unit, Obstetrics and Gynecology and Neonatology. The aim is to ensure…

Source Cseke Attila recently signed financing contracts for six publix works objectives related to structural integrity of buildings in Romania. The 72 million RON investment will reinforce a Tecuci cultural building, repair a housing block in Burdujeni, rehabilitiate a kingergarten in the capital, modernize a…

Dan Stoenescu, the Romanian ambassador to pakistan, has committed to providing support for Pakistan within the EU. Romania gives Pakistan a Generalised Scheme of Preferences (GSP+) status, which designates a developing country that has met a certain standard of human rights, labor laws, environmental considerations…

The presidential candidate called for a boycott of foreign owned supermarkets operating in Romania. He claims that the introduction of self-service cash registers in these supermarkets has led to job cuts. Georgescu also accused supermarkets of avoiding taxes by failing to declare profits. This claim…

Source The Romanian administration spent 28.49 million RON (5.7 million Euros) on foreign travel in 2024. The president Klaus Iohannis made 34 little trips in 2023, costing 41 million RON. He has multiplied the expenditure of the presidential administration FOUR times over during his terms…

Representatives of the “Save Romania Union” have attacked the government’s recent budget plans. Deputy Alexandru Dimitriu claims that the proposal violates the will of the people expressed in a recent referendum held by Mayor Nicusor Dan. On facebook, he wrote the following: “The Ciolacu-Bolojan government…