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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
