The Ministry of European Investments and Projects (MIPE) announced on Thursday, that in October it sent documents for the return of European funds of 928 million euros, as part of 2014-2020 operational programs. According to a press release of the ministry, issued on Thursday, the highest amounts requested for return were for the Regional Operational Program -342.5 million euros, Bif Infratsructure Operationa; Program – about 371 million euros and Human Capital Operational Program – about 138 million euros. Other programs for which returns were requested are: Operational Program for Aid of Disadvantaged People – 28.1 million euros. Competitiveness Operational Program (24.4 million euros), Administrative Capacity Operational Program (13 million euros) and Technical Assistance Operational Program (11.4 million euros). Documents were sent to the Finance Ministry, to be sent to the European Commission after certification, the source pointed out. The amounts requested for return represent eligible expenses made from European funds within financed projects. MIPE mentioned that in September 2023 it sent documents for the return of 900 million euros.At present, the amounts requested for return by the European Commission amunted to 20.2 billion euros, representing an absorbtion of 82.4% of allocated funds. After processing the documents recently sent by MIPE, the value requested for return will amount to 21.16 billion euros, with an absorbtion rate of 86%.
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
