The Ministry of Economy, Digitalisation, Entrepreneurship and Tourism (MEDAT) has published the procedure for implementing the Programme for Strengthening SMEs through Improved Access to Financing - SME Eco-Tech, carried out within a project financed by the second Swiss contribution for Romania.According to a press release from the Ministry, the programme's budget is 288.8 million lei, of which 70% represents the Swiss contribution (202.2 million lei) and 30% MEDAT's own contribution from the state budget (86.6 million lei).The institution will thus provide new financial support for the development of the local business environment, with the general objective of the green and digital transformation of small and medium-sized enterprises in the Romanian manufacturing industry, with the aim of improving their environmental footprint, thus aligning with the relevant objective of the European Union to mitigate or adapt to climate change.The "Programme for Strengthening SMEs through Improved Access to Finance - SME Eco-Tech" is to be launched in the second half of 2025, after, according to the provisions of the implementation agreement, MEDAT will prepare the necessary IT infrastructure and conclude the partnership with the credit institutions interested in implementing this new programme.The programme will be managed and implemented by MEDAT, as Programme Operator, in partnership with the selected credit institutions, until May 31, 2029, providing a broad horizon for the development and consolidation of the SME sector in Romania.The programme will be implemented based on a de minimis aid scheme, which aims to provide financial support to small and medium-sized enterprises carrying out production activities (section C of the nomenclature of economic activities), except for those excluded from financing by national and European regulations in force.The financial support offered to SMEs under this Programme consists of a grant at a maximum level of 40%, but not more than 50,000 CHF (equivalent in lei) of the eligible expenses related to an investment project in equipment / technologies / solutions / systems / specific to energy saving, which uses or generates renewable energy, in collection, recycling, reuse equipment, as well as in other conventional technological equipment.A minimum of 60% of the eligible expenses related to the investment project, but not less than 75,000 Swiss francs (equivalent in lei), will be provided by the beneficiaries through a bank loan obtained from partner credit institutions, under advantageous market conditions and through the programme.
West Group announced that it finalized the full acquisition of the iResidence residential project in northern Bucharest, ensuring that development continues without disruption and with strengthened financial backing. The project comprises 520 apartments with underground parking and storage facilities. Following the takeover, construction remains on schedule, with the first phase of 260 apartments already structurally […]
Bucharest's interim mayor, Stelian Bujduveanu, announced on Tuesday, August 19, the launch of a large-scale urban regeneration project around Gara de Nord, the capital's busiest railway station. The plan, developed in partnership with the Ministry of Transport and the District 1 City Hall, aims to transform the degraded transport hub into a modern intermodal node,
Save Romania Union (USR) has discussed with prime minister Ilie Bolojan (Liberal Party, PNL) about the organization of local elections in Bucharest in November, given his position as head of government and also as PNL president, sources told
The Israeli company Econergy, one of the most important investors in renewables in Romania, announced that it has officially connected a new 87 MW photovoltaic park located in Oradea to the Romanian electricity grid and announced plans for a 68 MW storage facility at the project site, according to
Romania’s courier industry recorded revenues of RON8.1bn ($1.78bn) in 2024, up 17% year on year, according to data from the SMARTreports platform powered by Bridge-to-Information, Ziarul Financiar reported. The sector added RON 1.1 billion (EUR 220 million) in revenues compared to 2023, marking one of its...
Consultations were held between the government, trade unions, financial markets regulator ASF, and the financial institutions involved, about the draft project for the disbursement of pensions under the pillars II and III. The consultations followed public protests to the draft law inked by ASF and promoted by the government, particularly regarding the ban on complete […]
