The Bucharest Tribunal has ruled to replace Andrew Tate's house arrest with judicial control in the ongoing case where he is investigated for the alleged sexual exploitation of 34 women. The decision is not final, according to News.ro. ...
93,000 companies have benefited, so far, from financing through the IMM Invest program, starting on June 1, 2020, Dumitru Nancu, the general director of the National Credit Guarantee Fund for SMEs (FNGCIMM), declared during a conference on Tuesday."The amount that he (IMM Invest, ed. n.) infused into the economy amounts to 12 billion euros. I don't think that there has been such an infusion of capital in the economy, in the post-December period, and the degree default, i.e. non-performing loans, is sub-unitary. We are talking about over 90,000 loans. Some of them have reached maturity, those granted in 2020 on working capital, and at the moment the execution rate at the National Guarantee Fund is 0.56%. This execution is done from the venture capital fund," said Dumitru Nancu, at the Financial-Banking Market conference, organized by the Bursa newspaper.He expressed his hope that, until June 30, while the state aid scheme is valid, 100,000 beneficiaries will be reached."The risk fund collected 1.5 billion RON, from which non-performing loans worth 70 million RON were paid. It is a self-financing program and has a multiplication rate of 1 to 12. The last edition of the SME Invest program started in 30 April, with a budget of 8 billion RON. The request of the 18 financial institutions was 24 billion RON. The European Commission approved this state aid for only six member states, including Romania, for the companies that are affected by Russia's aggression against Ukraine. We hope to exhaust this ceiling of 8 billion RON by the end of May," said Dumitru Nancu.
The Bucharest Tribunal has ruled to replace Andrew Tate's house arrest with judicial control in the ongoing case where he is investigated for the alleged sexual exploitation of 34 women. The decision is not final, according to News.ro. ...
Hundreds of police officers from several counties in Romania protested on January 14 against the reduction of their incomes as an effect of the fiscal corrective package endorsed by the government at the end of 2024. Under the corrective package, some bonuses have been reduced or eliminated, while overtime will be compensated with...
The Romanian far-right opposition party Alliance for the Union of Romanians (AUR) filed a request to summon the lawmakers on January 20-24 to begin the procedures for suspending president Klaus Iohannis from office, Digi24 reported. AUR...
The leader of Romania's nationalist party Alliance for the Union of Romanians (AUR), George Simion, was elected, on January 14, vice-president of the European Conservatives and Reformists Party (ECR Party), one of the most influential parties on the current European political scene, during a congress organized by the ECR Party in Brussels. "George Simion has […]
The price of natural gas continued to rise on January 14 at Bucharest commodity exchange BRM due to the cooling weather and uncertainties regarding the long-term functionality of the only gas pipeline that still transports Russian gas to Europe, TurkStream. The price exceeded the threshold of RON 300 (EUR 60) per MWh for the first […]
Romania is looking to alternative parts of the bond markets to keep its borrowing costs as competitive as possible, the head of Treasury Stefan Nanu said in Vienna on January 24, as quoted by Reuters and Daily Mail. Romania plans to tap the foreign markets with an FX bond as soon as...