President of the European Commission Ursula von der Leyen will come to Bucharest on September 27, which means that the National Recovery and Resilience Plan (PNRR) is approved for Romania, Prime Minister Florin Citu stated on Friday."Ms. Ursula von der Leyen announced her program and will come to Romania on September 27, which means that the PNRR is approved for Romania, as I said. And the other good news, from the 48 billion euros, of all the programs for resilient development in Europe, 9.7 billion euros are for Transport in Romania. Thus, (...) a significant amount is allocated to Romania for transport and PNRR is actually approved, Ms. Ursula von der Leyen is coming to sign on September 27. As you know, until 25 [September] she is in the United States. Any other rumors that existed on the market ... So, whoever was saying that this PNRR is not going to be approved, it was approved and she is coming on the 27th and it will be very good and we will start to implement this project," said Citu.The prime minister added that, the advance from the PNRR is coming by the end of the year.The head of the Executive participated on Friday evening in the official dinner marking the closing of the events organized in Bucharest on the occasion of the European Year of Rail.
State-controlled Hidroelectrica (BVB: H2O) allegedly supplied electricity for years to politically connected companies and religious institutions without issuing invoices or collecting payments, according to public data analysed by investigative platform Recorder. The supplies...
Altex Romania will develop in the following year the DIY chain Brico Dépôt by securing ownership of the rented stores, upgrading the entire chain, and opening three to five new stores per year after the transition year 2026, Altex founder, main shareholder, and CEO Dan Ostahie announced after his company took over the do-it-yourself chain […]
The government announced it selected, on November 27, a president and two vice-presidents for the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP). The action was a milestone under the Resilience Facility due November 28, after the expiry of the six-month extra time allowed by the European Commission, with a EUR 330 million […]
Romania's Ministry of Finance published for debate the draft emergency ordinance (OUG) on the second budget rectification of this year on the evening of November 27. According to the document, the general government budget deficit will remain at 8.4% of GDP, Hotnews.ro reported. Central government budget revenues for...
Romania’s general government budget deficit halved y/y to RON 6.4 billion (EUR 1.25 billion) in October, when the tax revenues increased by 15.6% y/y – ten times the 1.5% y/y advance of current expenditures, according to data published by the Finance Ministry. Notably, the payroll narrowed by 4.0% y/y and the expenditures with goods and services by […]
Romania’s Craiova has been named the best Christmas market in Europe 2026 after securing a record number of votes in the annual competition run by European Best Destinations. The results were announced on Thursday evening, November 27, following a week of online voting. This year, 803,258 travellers from 179 countries have voted and shared their passion on […]
