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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
