Romania has so far collected funds under the Cohesion Policy in the amount of 23.84 billion euros, in the financial exercise 2014-2020, and has reached an absorption rate of 99.1% , informs the Minister of Investments and European Projects, Adrian Caciu, in a post published on Wednesday on his Facebook page."Romania has so far collected funds from the Cohesion Policy in the amount of 23.84 billion euros in the financial exercise 2014-2020, reaching a degree of absorption of 99.1%. I took over the absorption of funds at a level of 74%, when I became the Minister of Investments and European Projects. When the PSD (Social Democratic Party) was at the government, the absorption rate was 51.3 per cent, which means a progress of 47.8 percentage points (that is half of the free money that Romania had allocated, but which stayed in Brussels back then) in European money, but especially thousands of projects that have been financed and contributed to the development of our country, that have been carried out in these 2 years and 8 months. I continue to believe that, beyond the political agitation between the two parties that govern Romania today, the key ministers from the two governments from the period November 2021 - present have done their job and worked in the interest of the Romanians," said Caciu.The official added that Romania's priority now will be represented by the financial exercise 2021 - 2027, within which there are already contracts signed worth more than 17.5 billion euros.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
