On Thursday, President Klaus Iohannis promulgated the law on the ratification of the agreement by which Romania grants 100 million euros, in non-reimbursable funds, to the Republic of Moldova.The agreement between the Government of Romania and the Government of the Republic of Moldova concerns the implementation of the technical and financial assistance programme based on the non-reimbursable financial aid amounting to 100 million euros.Signed in Chisinau on February 11, the agreement is the main instrument by which Romania will provide support to the Moldovan authorities in their efforts for sustainable development, advancement through reforms and rapprochement with the European Union.The document allows the granting by the Romanian Government of a non-reimbursable contribution amounting to 100 million euros to the benefit of the Republic of Moldova, a contribution that will be payable within 7 years from the date when the agreement comes into force. It shall cease at the moment of full absorption by the Republic of Moldova of the funds made available through it. The implementation of the agreement may be extended for a maximum period of 3 years.
The BCR Romania Manufacturing PMI index has further slipped to 47.2 in November from 47.6 in October, signalling that the downward momentum which began last month has persisted. Not only the output sub-indicator, but also the new orders have deteriorated marginally compared to October and significantly compared to September, when the index neared the 50-point […]
Prime minister Ilie Bolojan will travel to Vienna on December 3-4 for an official visit mainly focused on energy cooperation and strengthening bilateral ties. The visit takes place at the invitation of Austria’s federal chancellor, Christian Stocker, according to the official announcement from...
Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. With nearly 20 years of experience in the real estate sector, Mihaela brings robust expertise in property management and leasing, operational […]
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
