President of the European Commission Ursula von der Leyen is coming to Bucharest today as part of her NextGenerationEU series of visits.She is scheduled to meet President Klaus Iohannis and Prime Minister Florin Citu.At 16:00hrs, von der Leyen will be welcomed at the Cotroceni Presidential Palace by Iohannis, and at 16:50hrs she will meet Prime Minister Florin Citu at the Government House.Subsequently, the three officials will tour the Bucharest University Emergency Hospital, which qualifies for funds under the NextGenerationEU programme, and will hold a joint news conference.The main purpose of von der Leyen's visit is to deliver an assessment of Romania's National Recovery and Resilience Plan (PNRR)."To Romania, the National Recovery and Resilience Plan is not only the document based on which we will be able to get 29.2 billion euros, but also the guarantee that investments and reforms will be the coordinates of the coming years. Romania is naturally adhering to the goals that characterise developed economies: modernisation of transport and medical infrastructure, green economy, digital transformation. I appreciate the collaboration with our European partners for the completion of PNRR. The government is ready to draw the funds that Romania will benefit from and determined to implement the reform programmes," PM Citu said on Friday.PNRR is divided into 15 components covering six pillars: green transition; digital transformation; smart, sustainable and inclusive growth; social and territorial cohesion; health, economic, social and institutional resilience; next-generation policies.
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
