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.
Rates of decline in output and new orders soften Stocks of purchases increase for the first time on record Sharp and accelerated rise in input costs, but charge inflation cools Latest data provided signs that the decline across the Romanian goods-producing lost momentum midway through the opening quarter of the year. Although conditions remained challenging, […]
If Russian president Vladimir Putin, who invaded Ukraine in 2022, is not stopped, "he will certainly go to Moldova and perhaps further, to Romania," French president Emmanuel Macron warned in an interview with several French newspapers quoted by Le Monde. The statement came after the...
The government of Romania will continue to cap the price for "a large part of the electricity purchased by the Republic of Moldova" from domestic producers in Romania, acting president Ilie Bolojan declared during a press conference held in Chisinau on February 28 with counterpart Maia Sandu,
A rally estimated at tens of thousands of participants from all over the country was organized by the far-right party AUR and its smaller newly emerged partner POT in favor of pro-Russian isolationist and former presidential candidate Calin Georgescu in Bucharest on March 1. The rally was organized by AUR, the party of far-right politician […]
Romanian prime minister Marcel Ciolacu mentioned the option of broadening the ruling coalition with the reformist Save Romania Union (USR) after the latter avoided supporting the opposition's no-confidence motion against the executive while still criticizing the prime minister. PM Ciolacu implied he might step down after thorough consultations with his party but insisted that the […]
The Prosecutor General's Office is in possession of evidence about a plot organised by former presidential candidate Călin Georgescu and a group of former French Foreign Legion fighters coordinated by Horațiu Potra, still active under contracts with African states, who immediately after the annulment of the presidential elections on December 6, 2024, were planning to […]
