Romania might increase its econmic growth potential to 5-5.5% if it absorbed money from the Cohesion Policy and NextGenerationEU Funds, from 3.5% at present, said BCR CEO Sergiu Manea on Wednesday, at the launch of George SmartEU, the first application of a local bank offering complete information on European funds. “I will speak about two big umbrellas, the Cohesion Policy and NextGenerationEU. If we succeed to absorb this money we have within the Multiannual Financial Frame 2021-2027, what will we do? We add a little over 2% to GDP in the following years, but the most important thing is we succeed in increasing Romania's growth potential by 1% permanently. If we do the same thing through NextGenerationEU, PNRR is part of NextGenerationEU, we also increase the GDP potential by 1% once more. What does that mean? The arithmetic total sould be like that: instead of a 3.5% growth potential Romania has today, we could speak about a 5-5.5% potential. From there to 7.21% needed to double GDP in the next 10 years the distance is not that big,”Manea said. He explained that George SmartEU is helping entrepreneurs by “demistifying and debunk”European funds. According to BCR, by introducing George SmartEU, the bank facilitates access to financial grants and instruments for Romanian businesses and offers an integrated portfolio of solutions and services for companies which intend to grow sustainably and capitalize initiatives. In its turn, Florin Jianu, the chairman of the National Small Company Council of Romania (CNIPMMR), consider that not all entrepreneurs see the beenfits of European funds and they should speak about good practice models and entrepreneurs who became successful with EU funds. In his opinion, European funds help setting up companies and stabilizing them in the market. “Too many companies in Romania close down every year and that means they are not fully developed because they are not backed as they should,”Jianu said.
Hungarian filmmaker Béla Tarr (in opening photo) is one of the guests of this year’s Transilvania International Film Festival (TIFF), which is currently taking place in Cluj-Napoca. He will receive a Lifetime Achievement Award at the TIFF Awards Gala. Until then, audiences will have the chance to meet him at the cinema and attend a […]
With a continued commitment to innovation, sustainability, and affordability, Auchan Romania has received three major distinctions at the “Voted Product of the Year 2025” competition – the most prestigious recognition platform for innovation and performance among products, brands, and retail networks in Romania. In addition to being named Retailer of the Year in the Hypermarket […]
Roughly 72% of Romanians believe that their own actions have the greatest impact in building a sustainable future. At the same time, they acknowledge the essential role of companies (68%) and governments (66%) in achieving sustainability goals, according to the fourth annual edition of the National Barometer on Romanians' perceptions and behaviors related to sustainability […]
Contakt, a Romanian mobile accessories retailer operating a nationwide network of 245 stores, has announced plans to list on the AeRO market of the Bucharest Stock Exchange this fall. Roughly 10% of the company’s share capital will be made available to investors during the IPO, with a gradual increase in free float to 30-40% forthcoming. […]
Wizz Air will reopen its base in Suceava, in northeastern Romania, where it will allocate two Airbus A321neo aircraft. With these, the airline will operate a total of 43 aircraft during the winter season in Romania. Wizz Air will also introduce eight routes from Suceava starting in December. Passengers will be able to fly from […]
A new legislative proposal is currently being developed regarding end-of-life care, according to doctor Cătălina Poiană, president of the Romanian College of Physicians. It would be a first for the Romanian medical system. Dr. Poiană specified that the document has been worked on by representatives of the Romanian Society of Anaesthesia and Intensive Care (SRATI), […]
