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%.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
