Over 7.34 billion RON has been invested in key sectors of the Romanian economy and more than 25,000 new jobs have been created in the 9 years since the start of the state aid scheme for stimulating investments with a major impact on the economy, the Ministry of Finance announced on Thursday."The purpose of this Government's initiative was to stimulate the sectors that are fundamental for sustainable development and increasing international competitiveness. The results of the initiative were remarkable: we are talking about a state aid scheme that had a significant impact on the development and resilience of the economy. assisted in the increase of production in numerous sectors, technological development and the creation of new jobs. In the future, we are committed to continue with other similar initiatives to support the vital sectors of the economy," said minister Marcel Bolos.The institution has completed the analysis of the requests for agreement for financing submitted on the basis of Government Decision no. 807/2014 for the establishment of state aid schemes with the objective of stimulating investments with a major impact on the economy, and the total budget allocated to the scheme has been exhausted.Thus, in more than 9 years since the start of the state aid scheme, 174 investment projects received grants from the state budget, for eligible expenses of the nature of tangible and intangible assets, as well as those related to the rental of buildings afferent to the initial investment.The main sectors of activity supported with state aid were: the automotive industry, the household electrical products industry, the aeronautical industry, the food industry, the construction materials industry, the production of machines and equipment, medical services, tourism.The Ministry of Finance specifies that of the total investment projects supported with state aid, 47% are implemented by companies with Romanian capital, and 53% by companies with foreign capital.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
