The government approved, in its Wednesday meeting, the emergency ordinance that will allow access to the loan worth rd EUR 14.94 billion granted by the European Commission under the Recovery and Resilience Facility.According to a press release of the Executive, the emergency ordinance adopted by the Government provides for the approval of the Loan Agreement (Recovery and Resilience Facility) between the European Commission and Romania, signed in Bucharest on November 26, 2021 and in Brussels on December 15, 2021.The quoted source mentions that Romania benefits through the National Recovery and Resilience Plan (NRRP) of about EUR 29.18 billion, of which about EUR 14.24 billion grant and about EUR 14.94 billion loan."The European Commission will make available a pre-financing of 13 pct of the loan (about EUR 1.94 billion), after the entry into force of the Agreement. The loan will be used to finance the state budget deficit and the refinancing of the government public debt, to the extent of the budgetary expenditures incurred for the implementation of the reforms/investments provided for in the NRRP and, respectively, the fulfillment of the milestones and the targets associated with the loan. The loan availability period is December 31, 2026. The amounts of the loan will be made available in 10 tranches," the release said.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
