Tag Archives: research and development

Romania’s economic growth accelerated in the first quarter of 2016 more than estimated. The GDP (Gross domestic product) rose by a preliminary 4.3% according to the National Statistics Institute. This makes Romania the second fastest-growing economy in the EU only behind Ireland. I’m quite sure you’ve read or heard about this ‘success‘ in local media. There is only one big …

The future of Romania is not a question of money – it’s all about transparency, know-how and education! For once, Romania was the leader in a ranking provided by EU’s statistical office ‘Eurostat’ this month. However, it was a questionable merit, since Romania recorded the highest annual increase in hourly labor costs among the EU-states in the 4th quarter of …

Statistics may not be accurate all the time (see chapter 37), but it’s no statistical error or lie, when Romania usually ranks at the bottom within the EU when important economic factors are the subject. You’re for sure very well aware of the fact, that salaries – whether it’s the minimum wage or the average pay-check – paid in this …