Economy Minister Radu Oprea has unveiled a four-year EUR 600 million state aid scheme for the Romanian manufacturing industry."The steps that follow after today's approval of the government decision regulating the state aid scheme are publishing a guide, which is ready in transparency; signing the ministerial order for the guide; and opening a project session that will last 30 days. I am asking those who are interested and who will submit projects for this new state aid scheme to keep an eye on the website of the Ministry of Economy, Entrepreneurship and Tourism, to see the guide, so that they may start working and submitting good projects for the Romanian economy," Oprea told a news conference on Friday at the Government House.Oprea mentioned recent statistics according to which the Romania's per capita GDP in relation to the purchasing power is comparable to that of Poland. There are also statistics according to which Romania would have one of the highest economic growth in the European Union, he said."Romania, from the point of view of per capita GDP in relation to the purchasing power, is on a par with Poland. We have an 80% degree of convergence with the European Union. At the time of accession, we were at 43%, which means that Romania's economy has had the fastest growth in recent times. Also, the forecasts are good, favouring Romania. There are reputable financial institutions and specialist publications that say that Romania will probably have one of the highest economic growth this year in the European Union. Some publications say that it will even be the biggest increase. Regarding industrial production, I have looked at European statistics and I saw that in April we are already at a positive 3.8 percent growth, although the European average was negative 2 percent, which means that the manufacturing industry and the industry in Romania are faring well at the moment," Oprea said.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
