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Romania provides largest inflow of immigrants to the UK in 2016

Posted by on Dec 12, 2017 in NEWS | 0 comments

Romania provides largest inflow of immigrants to the UK in 2016

The largest inflow of immigrants to the UK in 2016 came from Romania. Approximately 50,000 Romanians settled to the UK in 2016, down from 54,000 in 2015, according to data from the Office for National Statistics (ONS), quoted by Romania-Insider.com. Romania is followed by China, India, France and Poland as countries providing significant inflows of immigrants. Last year, 413,000 Romanian and Bulgarians were residing in the UK. The majority (79%) of these were Romanian. Overall, Romanian and Bulgarian citizens made up approximately 11%...

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One in eleven employees in Cluj-Napoca work in IT

Posted by on Dec 12, 2017 in NEWS | 0 comments

One in eleven employees in Cluj-Napoca work in IT

One in eleven employees in Cluj-Napoca work in the IT sector, according to a study by ARIES Transilvania IT cluster, cited by local Ziarul Financiar. The number of companies active in this sector has increased by 75% in Cluj compared to 2011, says Romania-Insider.com. The city, which is located in North-Western Romania, has 1,235 IT companies. These employ 14,036 employees, or 8.7% of the total employees in Cluj. Considering other collaboration forms, the number of people working in IT in the city amounted to 20,000 in 2016. The IT sector has...

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Romanian IT sector valued at EUR 5 bln in 2016

Posted by on Dec 12, 2017 in NEWS | 0 comments

Romanian IT sector valued at EUR 5 bln in 2016

The Romanian IT sector has doubled its revenues in the past six years, and is valued at approximately EUR 5 billion, a survey by Aries Transylvania conducted in collaboration with the Cluj-Napoca City Hall and Local Council shows, according to Business-Review.eu.   According to the study, the number of IT companies registered at a national level increased between 2011 and 2016 from 9,823 to 14,399 and it is forecasted that by the end of the year the number will exceed 17,000. In the past six years, the number of accompanies active in the IT...

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Four Romanian companies enter Deloitte 2017 Technology Fast 500 EMEA Rankings

Posted by on Dec 11, 2017 in NEWS | 0 comments

Four Romanian companies enter Deloitte 2017 Technology Fast 500 EMEA Rankings

Four Romanian companies have entered the Deloitte 2017 Technology Fast 500 EMEA Rankings. The four Romanian companies present in Deloitte 2017 Technology Fast 500TM EMEA Rankings are Trencadis, Tremend, APSISWARE and Qualitance, says Business-Review.eu. Now in its 17th year, the list is compiled by Deloitte Global’s Technology, Media & Telecommunications (TMT) industry group. The four Romanian companies are part of the 62 Central European group of companies that have made it to the ranking. Systems integrator Trencadis of Baia Mare...

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Romanian railways company reintroduces Snow Trains to mountain resorts

Posted by on Dec 11, 2017 in NEWS | 0 comments

Romanian railways company reintroduces Snow Trains to mountain resorts

Romanian state-owned railways company CFR Calatori reintroduced on Monday, December 11, the Snow Trains. These trains take tourists to mountain resorts in Prahova Valley, such as Sinaia or Busteni, as well as Vatra Dornei and Piatra Neamt, according to Romania-Insider.com. In weekends, tickets for train trips to the Prahova Valley resorts (between Sinaia and Brasov) have discounts of between 31% and 56%, CFR Calatori announced. Also, between January 1 and February 28, 2018, from Monday to Thursday, the Snow Trains tickets will have discounts...

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Romania only spent 1.1 pct of European funds for 2014-2020; only two other EU states had lower absorption

Posted by on Dec 11, 2017 in NEWS | 0 comments

Romania only spent 1.1 pct of European funds for 2014-2020; only two other EU states had lower absorption

Romania spent 1.1 percent (EUR 400.4 million) of the European funds available to the country in the 2014-2020 programme for structural and investment funds, according to Business-Review.eu. During the same period, states like Bulgaria or Poland have had an absorption of 7.5 percent and 6.5 percent respectively, according to European Commission data obtained by Agerpres. The largest part of the total amount Romania has spent was through the European Regional Development Fund – EUR 241.9 million. The countries that spent less than Romania out...

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Four resorts and tourist areas to join list of Romanian tourist sites of national interest

Posted by on Dec 11, 2017 in NEWS | 0 comments

Four resorts and tourist areas to join list of Romanian tourist sites of national interest

The Romanian Ministry of Tourism wants to include four new resorts and tourist areas to the list of tourist sites of national interest, namely the localities of Borsa in Maramures county and Dambovicioara in Arges county, and the areas of Mamaia Nord and Pestera-Padina, according to Romania-Insider.com. The information appears in a draft decision put up for public debate on the website of the Ministry of Tourism. The ministry also wants to add new names to the list of tourist resorts of local interest, namely the localities of Cacica,...

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Romania’s political opposition joins protests against changes to judiciary

Posted by on Dec 10, 2017 in NEWS | 0 comments

Romania’s political opposition joins protests against changes to judiciary

The leaders of Romania’s main opposition parties USR and PNL joined more than 5,000 protesters in Bucharest, on Sunday evening, asking the center-left coalition PSD-ALDE to drop controversial amendments to the justice laws. Thousands more took to the streets in other cities such as Cluj-Napoca, Iasi and Galati in support of the judiciary and the fight against corruption, says Business-Review.eu. “Justice, not corruption”, “Rezist, not give up” and “PSD, the red plague”, were some of the words shouted by protesters in the Romanian...

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Prince Charles will come to King Michael’s funeral in Romania

Posted by on Dec 10, 2017 in NEWS | 0 comments

Prince Charles will come to King Michael’s funeral in Romania

Prince Charles of Wales will come to King Michael’s funeral, which will take place at the Curtea de Arges Cathedral in Romania, according to a representative of Romania’s Orthodox Church, quoted by Romania-Insider.com. “I understand that he has already confirmed that he would come,” said Vasile Banescu, the spokesman of the Romanian Patriarchate said, according to Digi24.ro. A representative of the Spain’s Royal House will also attend the funeral, which will take place on Saturday, December 16. King Michael was a third-degree...

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Banca Transilvania: Romania’s GDP could increase by 4.1% next year

Posted by on Dec 9, 2017 in NEWS | 0 comments

Banca Transilvania: Romania’s GDP could increase by 4.1% next year

Romania’s economic growth could slow down to 4.1% next year and 3.4% in 2019, after an estimated advance of 6% this year, according to local lender Banca Transilvania’s economists, quoted by Romania-Insider.com. The evolution is based on the maturing of the post-crisis economic cycle at global and European level, as well as the rebalancing of domestic economic policy. This will have an impact on financing costs and will influence investment and consumption behaviors. The bank estimates a 2.6% GDP growth in 2020. Romania’s GDP grew by...

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