Romania will benefit from an increase of more than 7 billion euros in financing under the Cohesion Policy in 2021-2027, 300 euro per capita, according to European Commissioner for Regional Policy Corina Cretu, who participated in the high level conference regarding the future of the Cohesion Policy. “We have negotiated, as you all know, in the multi-annual financial framework. We struggled to maintain the same method for earmarking the European funds, a method which we call “the Berlin method,” that has been used ever since 1999, which was based on the GDP per capita. According to this method, Romania will benefit in the period 2021-2027 from an increase of over 7 billion euros in funding under the Cohesion Policy in the future multi-annual financial framework. What I want to say is that this means 300 euro per head of inhabitant in Romania. This is the logic of the Cohesion Policy: the richer you are, the less money you will get. Thus, the Netherlands will receive 13 euro per capita, while countries like Romania, Slovakia, Bulgaria and Greece will receive more,” said Corina Cretu. The European Commissioner underscored that the power and unity of the European Union resides in the cohesion between member states, as it is the expression of solidarity and an aid to the new members to reduce their economic and social gaps. “In the past months, we negotiated this framework, this budget, and I believe that regional policy has come out victorious from this battle, but, of course, our proposal is now in the hands of the European Parliament and the European Council, which are co-legislators, and for the first time in the history of the European Union, we managed to have the biggest envelope for the Cohesion Policy, of 373 billion euro for 27 member states,” said Cretu.
HiSky will launch direct flights between Bucharest and Chicago in June 2026, expanding its transatlantic network two years after introducing its New York route. The service resumes a direct link suspended 24 years ago, the company said. The new route will be operated twice weekly, on Thursdays and Sundays, with the first flight scheduled for […]
EVERGENT Investments Group reached a record level of RON 3.72 billion (EUR 744 mln) in assets under management as of June 30, 2025, up 7% compared to December 31, 2024. The financial performance achieved confirms the resilience of the business model amid heightened domestic uncertainties. The Group’s performance indicator, the net result of RON 195.5 […]
Visual Fan, initially known for the low-cost phones assembled in China, later expanding in various tech markets including consumer electronics, EV imports and PV panel installation, announced the launch on the Romanian market of a new brand of washing machines powered by artificial intelligence. "Our vision is to transform Allview into a brand that offers […]
OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53 […]
However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food, […]
Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro...
