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, where entrepreneurs are on the building site, regardless of the execution degree. Financing will not stop and they will not be taken out of PNRR,” said Cseke Attila. He added that financing PNRR projects will stop only in the case of investments which “either do not have financing contracts from the ministry initiating the program, or town halls have undergone tender procedures but do not have execution contracts or orders to begin works.” The Development Ministry, which manages most PNRR investment contracts, has now 6,055 contracts. Of them, 5,282 contracts representing 87% of all PNRR investments have already started, entrepreneurs working on these 5,282 contracts, investments are being rehabilitated. All these investments are going forward, with PNRR financing,” he said. 773 contracts, which represent 13% of this portfolio from the Development Ministry will no longer receive financing through PNRR as they have not begun investments and have not used any money for building.
Romania will again switch to winter time this weekend, in the night from Saturday to Sunday, October 25-26. Thus, at 4:00 am, clocks will be turned back one hour to 3:00 am, marking the return to Eastern European Time (EET) and making Sunday the longest day of the year, lasting 25 hours. The time change […]
Fredel is redefining how families in Romania and across Europe access elite education and lifestyle learning. Founded by Martyn Birchall, an education expert, Fredel works with like-minded families who believe in investing early in the future of their children. At its heart, Fredel is not just an educational consultancy — it...
Travel platform Lonely Planet has published a list of best Halloween destinations to try in Europe and Romania’s famous region of Transylvania is at the top. Best known as the place where Dracula’s Castle is located, the Romanian region is also home to the Citadel of Sighişoara or the spooky Hoia-Baciu Forest in Cluj-Napoca. “Forget […]
On a crisp November evening, Bucharest sheds its autumn gloom and slips into something far more vivid. Inside the Radisson Blu Hotel, the lobby glows with candlelight, bursts of marigold yellow, and the hum of anticipation. This year’s Halloween celebration isn’t about fright, it’s about life. On November 1, the five-star hotel on Calea Victoriei […]
Bitdefender, the global cybersecurity leader born in Romania, announced the extension of its multi-year partnership and collaboration agreement with Scuderia Ferrari HP, the Formula 1 racing division of Ferrari. Under the renewed agreement, Bitdefender will remain Ferrari’s exclusive global partner in the cybersecurity category and will...
Cluj-Napoca will build a center for the victims of domestic violence following an investment of EUR 5 million, mayor Emil Boc announced on October 20. The center will consist of an administrative building, with spaces for social, medical and psychological counseling, offices, kitchen, dining room and activity areas; and a building with 14 fully equipped […]
