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.
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
