The Romanian economy is heading towards an acute crisis on the labor market, as the number of employees and the degree of skilled labor has decreased in the last years. This will continue in the future, according to a study concluded by KeysFin, quoted by Romania-Insider.com.
Malta International Airport’s second, new summer route for 2017 was launched yesterday evening. The first passengers from Cluj-Napoca in Romania were given a special welcome by hosts donning the traditional Maltese costume and treated to a cake-cutting ceremony, according to Independent.com.mt.
The organizers of Romania’s Electric Castle music festival have announced new names for this year’s lineup, including famous indie-rock band Franz Ferdinand and well-known band UNKLE, says Romania-Insider.com.
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Japanese car maker Mitsubishi may be interested in opening an engine factory in Romania, which would require an investment of over EUR 200 million, according to Stirileprotv.ro.
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The European Commission said in its Winter 2017 economic forecast that Romania’s economy grew by 4.9 percent of GDP last year – a new post-crisis high – and that GDP expansion is set to slow down through to 2018, while the budget deficit will widen, according to TransylvaniaToday.ro.
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In the latest report of the European Commission, the executive arm of the European Union, on the assessment of the local judiciary under the Cooperation and Verification Mechanism (MCV), experts have concluded that Romania still has to carry out reforms in order to secure the removal of the MCV by the end of the presidency of Jean-Claude Juncker, says Business-Review.eu. “The momentum built up so far allows the focus to shift to the key remaining steps which need to be taken to reach the CVM objectives and therefore to complete this important process under this Commission mandate, in line with the goal set by President Juncker, according to TransylvaniaToday.ro.
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Romania’s exports reached a record level of EUR 5.3 billion in November 2016, up 11.7% compared to the same month in 2015, according to Romania-Insider.com.
Some 80 Abrams tanks, military equipment, and 4,000 troops will leave Fort Carson in the U.S., in the following weeks, and get to Eastern Europe in January 2017, via Germany. Some of the U.S. tanks and soldiers will be stationed in Romania while others will head to Poland and the Baltic countries, says Romania-Insider.com.
The Royal Castle of Săvârşin is the place where the members of the Romanian Royal Family spend every year their Christmas holidays and also a part of their summer holidays. At the same time, it is the location of the Royal Archive which preserves the exile documents of His Majesty King Michael I of Romania. The charm of the castle is also given by its arboretum, one of the oldest in Central Europe, according to Transylvania Today.
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The organizers of Untold, the biggest electronic music festival in Romania, have found a way of making tourists spend more time in Transylvania and visit the most famous tourist attractions in the area, according to Romania-Insider.com.