Romania might increase its econmic growth potential to 5-5.5% if it absorbed money from the Cohesion Policy and NextGenerationEU Funds, from 3.5% at present, said BCR CEO Sergiu Manea on Wednesday, at the launch of George SmartEU, the first application of a local bank offering complete information on European funds. “I will speak about two big umbrellas, the Cohesion Policy and NextGenerationEU. If we succeed to absorb this money we have within the Multiannual Financial Frame 2021-2027, what will we do? We add a little over 2% to GDP in the following years, but the most important thing is we succeed in increasing Romania's growth potential by 1% permanently. If we do the same thing through NextGenerationEU, PNRR is part of NextGenerationEU, we also increase the GDP potential by 1% once more. What does that mean? The arithmetic total sould be like that: instead of a 3.5% growth potential Romania has today, we could speak about a 5-5.5% potential. From there to 7.21% needed to double GDP in the next 10 years the distance is not that big,”Manea said. He explained that George SmartEU is helping entrepreneurs by “demistifying and debunk”European funds. According to BCR, by introducing George SmartEU, the bank facilitates access to financial grants and instruments for Romanian businesses and offers an integrated portfolio of solutions and services for companies which intend to grow sustainably and capitalize initiatives. In its turn, Florin Jianu, the chairman of the National Small Company Council of Romania (CNIPMMR), consider that not all entrepreneurs see the beenfits of European funds and they should speak about good practice models and entrepreneurs who became successful with EU funds. In his opinion, European funds help setting up companies and stabilizing them in the market. “Too many companies in Romania close down every year and that means they are not fully developed because they are not backed as they should,”Jianu said.
Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania. The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to
Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]
One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from […]
