A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Romania risks disengagements of over 500 million lei (112 million euro) for projects in the energy sector financed with European funds, in the financial exercise 2007 – 2013 due to the fact that they will not be finalised until 31 December 2015 according to the minister of energy Victor Grigorescu. ‘I regret the fact that we are among the institutions which, unfortunately, risk disengagement of European funds, we speak about funds worth over 500 million lei. The reason for which we risk – I said we risk – as we make all efforts to limit this risk- but the risk comes from the fact that the projects financed risk not being put to value until 31 December 2015. I am convinced that a better evaluation of the situation would have allowed the identification of better measures and the growth of the level of absorption with certainty. 500 million lei is a good sum’ stated Grigorescu on Friday in a press conference. He said that he discussed on this issue with the minister of European funds. ‘Unfortunately, the money is destined, mainly, to the local public authorities. It makes even more worrying and sadder’ Grigorescu said. Premier Dacian Ciolos stated in the parliament, when he swore in, that Romania has many delays to draw the European funds from the previous period, the financial exercise 2007 – 2013 with a rest of 30% of the total of funds, and the present government will not make wonders to avoid ‘ a total disengagement’.
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
The Romanian national postal company Posta Romana will close all its post offices "in the coming years" and rent them out, announced the company's general manager, Valentin Ștefan, quoted by Economica.net. The only reason for not closing the offices...
The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency...
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. "RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," […]
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]