Nusco Imobiliara, part of the Nusco group controlled by Italian family Nusco in Romania, contracted a EUR 31.4 million loan from OTP Bank Romania to develop the second stage of Nusco City, the bank announced. The funds will finance the development of three of the seven buildings included in the second development stage.
The second phase of the Nusco City project will include 828 apartments (ranging from studios to duplexes), will cover an area of approximately 10,000 sqm of land,...
Passenger traffic at Bucharest’s two airports reached 13.2 million in January–September, an increase of 9.23% compared with the same period in 2024, the Bucharest National Airports Company (CNAB) announced. The figures cover Henri Coandă International Airport in Otopeni and Aurel Vlaicu Airport in Băneasa. Henri Coandă Airport handled 12.9 million passengers and 95,944 aircraft movements […]
The impact of the reform in local and central public administration will be about RON 3.5-4.5 billion (EUR 0.7-0.9 billion or up to 0.2% of GDP), announced the minister of development, Cseke Attila, according to Economedia.ro. "The impact...
The Court of Justice of the European Union (CJEU) issued a decision on November 13 that undermines efforts by Romania’s judiciary to secure higher remuneration for judges performing additional tasks, Economedia.ro reported. The ruling comes one...
The negotiations between the ruling coalition in Romania and the magistrates' organisations on the retirement terms of the judges and prosecutors reached a deadlock on November 13, amid maximal requests expressed by the magistrates that would result in their pensions remaining close to the pre-retirement wages and the retirement age rising slowly within 20 years […]
The Romanian government is close to submitting the fourth disbursement request under the National Recovery and Resilience Plan (PNRR), worth EUR 2.6 billion, minister of investments and European projects Dragoș Pîslaru said on November 13. The tranche consists entirely of grant funding and includes 62 milestones and targets linked to 26 reforms and 23 investments. […]
The Economic and Financial Affairs Council of the European Union on 13 November approved the revised National Recovery and Resilience Plan (PNRR) for Romania, providing for EUR 21.4 billion (EUR 7 billion downward revision) with half of the money (or roughly 2.5% of GDP) to be absorbed within less than a year – which is […]
