Tuesday, 24 May, the Commission signed a contribution agreement with Romania to use the InvestEU Fund as a tool to support the implementation of the national recovery and resilience plan. It is the first agreement under the so-called ‘Member State compartment of the InvestEUprogramme, a new mechanism allowing Member States to make voluntary contributions to the InvestEU Fund to finance additional financial operations under InvestEU. Under this agreement, Romania will channel part of its Recovery and Resilience Facility (RRF) funds to the Member States compartment of the InvestEU Fund and the InvestEU Advisory Hub. These resources will unlock more than EUR 700 million in the form of additional financial guarantees allocated to Romania under InvestEU. They are also expected to mobilise at least EUR 2.5 billion in funding to strengthen the competitiveness of small and medium-sized enterprises in Romania and improve the energy efficiency of buildings. The European Investment Fund and the European Bank for Reconstruction and Development will act as implementing partners and implement a number of InvestEU financial products to support the objectives of Romania’s recovery and resilience plan. The agreement signed yesterday underlines the importance of synergies between EU funds and the role that InvestEU plays in achieving the objectives of the Recovery and Resilience Facility. Through the InvestEU programme, the EU will have key long-term funding, mobilising substantial public and private funding in support of a sustainable recovery and EU policy priorities such as the European Green Deal and the digital transition. Through the EU budgetary guarantee of EUR 26.2 billion (the so-called “EU compartment”), the programme is expected to mobilise at least EUR 372 billion of additional investment across the EU.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
