Over 207 million euro will be invested in the development of the regions on the two sides of the Bulgaria-Romania border in the 2021-2027 period under the Interreg VI-A programme between the two countries. This transpired in remarks by Deputy Regional Development Minister Delyana Ivanova as she chaired an online meeting of the joint working group for strategic planning for the programme, BTA informs.The meeting approved the final version of the programme before submitting it for approval to the European Commission.Among the key priorities are environmental protection, climate change, improving connectivity by developing the rail networks and navigation on the Danube, tourism and financial support for small and mid-sized businesses.The biggest share of the programme funding, close to 93 million euro, will go towards Green Deal activities.The strategic investment and calls to proposals will seek to attract projects between the two countries for preventing disasters, building green infrastructure and reducing pollution in the settlements on the Danube.Over 70 million euro will be invested in an integrated strategy for supporting the local communities in the border regions to define their own investment priorities in tourism and related sectors. Among the strategic priorities here is completing the Eurovello route in Bulgaria and Romania.Funding will also be available for improving the competitiveness of micro-, small and medium-sized businesses as they deal with the aftermath of the COVID crisis.Deputy Minister Ivanova believes that if work on the programme makes good progress, investment in the region can start before the end of 2022.
Romanian president Klaus Iohannis has reiterated that he will not resign, dismissing calls for his departure as "populist rhetoric." He emphasized that his mandate is based on the Constitution and that he will continue to serve until a new president is elected. "I believe this is a topic raised for populist reasons. We operate according to […]
Horeca Trading Distribution (HTD Shop), a key player in the retail and distribution market, targets EUR 1.5 million mln in revenue for 2025, an increase of about 60% compared to the 950,000 euros reached in 2024. At the same time, the company strengthens its presence on the markets of Bulgaria and Hungary and expands to […]
The Free Subway Union (USLM), which reunites the Bucharest subway employees, initiated a Japanese-style strike on Monday, February 3, to raise awareness of the staff shortage impacting their work. If no agreement is reached with the government, they plan a general strike starting February 10. The strike comes after the government began a cost-cutting campaign aimed […]
Roughly 1.17 million Romanian tourists visited Turkey between January and December 2024, an increase of 18.52% compared to 2023 (990,005), according to data from the Turkish Ministry of Culture and Tourism. Overall, the same source said, 2024 has been Turkey's most successful year in tourism. By the end of 2024, Turkey also hosted 329,796 tourists […]
Romanian developer Forty Management said that it started the development of Lagoon City in Seville, Spain, following an investment with a gross development value of more than EUR 100 million. The first phase consisted of acquiring a 12 ha (120,000 sqm) site in Bormujos, a suburb of Seville. The transaction is conditional on the seller […]
Premier Energy SRL has separated its natural gas supply and distribution activities to comply with European regulations. Following the division, the group now operates through two distinct entities: Premier Energy SA, responsible for natural gas supply, and NeoGas Grid, which manages natural gas distribution services. Premier Energy announces the legal separation ("unbundling") of its natural […]
