Investment expenditures for this year are predicted at somewhere around RON 106 billion, or 6 percent of GDP, and the figure recorded in the first part of the year is RON 46.27 billion, 41 percent higher year-over-year, Secretary of State with the Finance Ministry Alin Marius Andries declared on Tuesday."These investments are, so to speak, the result of the implementation of cohesion policy, NRRP and national funding investment projects. Investment expenditure in the first part of the year was somewhere around RON 46.27 billion, by 41 percent more compared to the similar period of 2023, and we will continue to support these investments because only thus can we achieve sustainable economic growth and improve the Romanian citizens' standard of living," Alin Marius Andries told the conference "Upgrade Romania: The Impact of 2024's Large-size Investments", organized by DC Media Group.He mentioned that in 2024, 64 projects worth approximately RON 11 billion and which are likely to create more than 11,000 jobs are being implemented under the state aid schemes managed by the Ministry of Finance.In his turn, Minister of Economy, Entrepreneurship and Tourism Stefan Radu Oprea said that construction and IT remain the most dynamic sectors in the economy."We have the highest number of software engineers per 1,000 population in Europe and we are the 6th nation in the world by this criterion, which definitely benefits Romania. It is important for us to create more intellectual property in Romania, to have more research and development proprietary registrations here," Stefan Radu Oprea said.He also mentioned that the Romanian economy should switch from one investors were seeking for the low workforce pay to an economy where investors come for creativity, productivity, and for Romanian products.
Exim Banca Romaneasca supports the development of Romanian companies by granting loans for investments and working capital under advantageous conditions, with European guarantees that can cover up to 70% of the financing value, following the signing of a guarantee agreement between the bank and the European Investment Fund (EIF). EIF guarantees can be accessed under […]
Romania’s Ministry of Investments and European Projects will introduce an open data type of reporting, with all 17,000 projects included in the EU-funded Recovery and Resilience Plan, or PNRR. The projects will be placed in a database indexable by location, type of beneficiary, or type of intervention, according to minister Dragoș Pîslaru. "We are talking […]
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project. The site, once home to the city’s Oil Terminal platform, […]
The Prosecutor’s Office attached to Romania’s High Court requested that the European Parliament lift the immunity of MEP Diana Șoșoacă on Tuesday, September 23. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and war crimes, as well as fascist, legionary, racist, […]
Greek authorities have arrested two Romanian nationals on suspicion of espionage after they allegedly took pictures of the Hellenic Navy’s main base on the island of Salamina, the Coast Guard said on Tuesday, September 23, as reported by ekathimerini.com. The men, aged 52 and 22, were detained on Monday afternoon after Navy personnel spotted...
Last month, the Solis student team from the Technical University of Cluj-Napoca crossed the Australian desert from north to south over 6 days aboard the solar-powered car “Hyperion.” The crossing was part of the Bridgestone World Solar Challenge 2025, which took place on a 3,020 km route, from the cities of Darwin to Adelaide, crossing […]
