Small and Medium Enterprises (SMEs) in Hunedoara County can benefit from non-refundable financing worth almost 181 million euros through the Just Transition Programme intended, mainly, for companies that create new jobs in the areas affected by the closure of the mines.The financing guide of the Just Transition Mechanism (JTM) 2021-2027 for "Development of Enterprises and Entrepreneurship - Investments for the Development of SMEs," was presented to entrepreneurs from Hunedoara county on the occasion of a caravan organized by the Agency for Regional Development (ADR) West, an intermediate body for JTM in Hunedoara county.Thus, the Hunedoara County will benefit from almost 181 million euros for productive investments in SMEs, of which 49 million euros for productive investments in Valea Jiului. The calls will finance actions regarding the development of productive investments in SMEs that support sustainable growth and job creation.JTM offers support to the population, the economy and the environment in areas that have suffered from the closure of mines or refineries and has as its main objective the generation of sustainable and safe jobs and the support of sustainable economic diversification.The programme has a total budget of 2.5 billion euros, and the Hunedoara County will receive more than 525 million euros. Of this amount, 446 million euros represents the allocation from the European Union through the Just Transition Fund, and 78.8 million represents the national contribution.
Romanian farmers reported record harvests for cereals and rapeseed, according to agriculture minister Florin Barbu. This year’s total harvest of cereals and rapeseed is larger by over 5 million tons compared to last year, according to the official. As such, Romanian farmers achieved a production of 19.3 million tons of cereals (wheat, rye, oats, barley) […]
Bucharest’s interim mayor Stelian Bujduveanu has warned that traffic congestion remains the capital’s most pressing problem, with 1.7 million vehicles registered in the city and another 300,000 cars entering daily from surrounding areas, News.ro...
Databricks, an artificial intelligence company based in the United States with two Romanians among its founders, is launching an accelerator to finance artificial intelligence startups. Up to USD 250,000 is available for small companies. The funds can come in several forms, including cash, credits for using the Databricks platform, and credits from external providers verified […]
The government has reportedly been sued for failing to organize the election for Bucharest mayor within the legal deadline of 90 days from the vacancy of the post, according to Antena3.ro. The authors of the complaint are not disclosed, but the reformist...
Romania's isolationist party AUR consolidated its leading position in two polls carried out by Avangarde and CURS, although the scores and the advance versus the primary challenger – the Social Democratic Party (PSD) – differ significantly between the two estimates. The isolationists' leading position, still not challenging the combined score of the four parties in […]
Romania's public debt surged by RON 21.5 billion in May alone and by RON 70.7 billion year to date, reaching RON 1.035 billion (EUR 204.1 billion) or 57.8% of GDP at the end of May, according to data published by the Finance Ministry. Romania's public debt rose by RON 70.8 billion (EUR 14 billion) […]
