Romania submitted on Friday a request to the European Commission to amend its National Recovery and Resilience Plan (PNRR) and to add a new chapter on REPowerEU, which aims to strengthen the Union's strategic autonomy by diversifying energy supply and increasing the EU's independence and security of energy supply.According to a press release from the EU executive, the chapter on REPowerEU proposed by Romania covers two new reforms and six new investments, as well as a reinforced measure already in the plan. The reforms and investments in this chapter are related to increasing green energy production, improving the energy efficiency of buildings and strengthening the skills of the green energy workforce.The amendment to the plan proposed by Romania foresees the removal of four investments from the initial plan and the modification of about 70 measures.Romania's request to amend its plan is based on the need to take account of high inflation in 2022, supply chain disruptions and the downward revision of its maximum grant allocation under the Recovery and Resilience Mechanism (RRM) from EUR 14.2 billion to EUR 12.1 billion. This revision is part of the June 2022 update of the RRM grant allocation key and reflects Romania's comparatively better economic performance in 2020 and 2021 compared to the initial forecast.Romania has requested the transfer of its share of the Brexit adjustment reserve, amounting to EUR 43.2 million, to the NRRP. Together with the grants provided to Romania through the RRM and REPowerEU (EUR 12.1 billion and EUR 1.4 billion respectively) and the RRM loans already committed under the original plan (EUR 14.9 billion), these funds bring the value of the amended plan presented to almost EUR 28.5 billion.The Commission will now assess whether the amended plan continues to meet all the assessment criteria set out in the RRM Regulation.If the Commission's assessment is positive, the EC will present a proposal to amend the Council Implementing Decision to take account of the changes to the Romanian plan.Member states will then have four weeks to approve the Commission's assessment.
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
The Environmental Guard issued RON 2.46 million (some EUR 483,000) in fines in 2025 as part of an intensified campaign to reduce air pollution in Bucharest and the surrounding Ilfov county, the institution announced. The measures followed repeated exceedances of legal particulate-matter limits and ongoing delays by local authorities in adopting mandatory air-quality strategies. According […]
