The European Commission has decided last week to make available over €65 million from the Asylum Migration and Integration Fund (AMIF) to support Bulgaria, Czechia, Poland, and Romania in hosting people fleeing the Russian aggression against Ukraine. This decision follows a targeted call for financing of the projects aiming to alleviate the pressure on the reception capacity of these Member States and to help them ensure that beneficiaries of temporary protection receive the necessary support, services and assistance. The European Union is currently hosting more than 4.1 million people benefiting from temporary protection, which was triggered for the first time shortly after the Russian invasion of Ukraine, and in September this year further extended until March 2025. The Commission continues to take measures to support people fleeing Ukraine and Member States hosting them. Bulgaria, Czechia, Poland, and Romania can now use this additional funding from the EU budget to help beneficiaries of temporary protection move out of collective accommodation towards private housing, by supporting them financially during the transition period, with language and vocational training, as well with as access to social and health services. Member States agencies, civil society organisations and international organisations can start implementing their projects already as of today. The funding will be subject to the respective monitoring and control systems of the EU financial framework.
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
Four young women, students at the Technical University of Cluj-Napoca, have invented a bracelet that converts music into vibrations. This gadget, named the Rhythm Touch bracelet, is designed to give people with hearing impairments the experience of concerts. "The wearer can dance, feeling the music, even though they can't hear it," the inventors told Cluj24.ro. […]
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
