Over 7.34 billion RON has been invested in key sectors of the Romanian economy and more than 25,000 new jobs have been created in the 9 years since the start of the state aid scheme for stimulating investments with a major impact on the economy, the Ministry of Finance announced on Thursday."The purpose of this Government's initiative was to stimulate the sectors that are fundamental for sustainable development and increasing international competitiveness. The results of the initiative were remarkable: we are talking about a state aid scheme that had a significant impact on the development and resilience of the economy. assisted in the increase of production in numerous sectors, technological development and the creation of new jobs. In the future, we are committed to continue with other similar initiatives to support the vital sectors of the economy," said minister Marcel Bolos.The institution has completed the analysis of the requests for agreement for financing submitted on the basis of Government Decision no. 807/2014 for the establishment of state aid schemes with the objective of stimulating investments with a major impact on the economy, and the total budget allocated to the scheme has been exhausted.Thus, in more than 9 years since the start of the state aid scheme, 174 investment projects received grants from the state budget, for eligible expenses of the nature of tangible and intangible assets, as well as those related to the rental of buildings afferent to the initial investment.The main sectors of activity supported with state aid were: the automotive industry, the household electrical products industry, the aeronautical industry, the food industry, the construction materials industry, the production of machines and equipment, medical services, tourism.The Ministry of Finance specifies that of the total investment projects supported with state aid, 47% are implemented by companies with Romanian capital, and 53% by companies with foreign capital.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
