EximBank and the Agency for Rural Investment Financing (AFIR) signed a collaboration accord to support – by financing eligible companies- the acceleration of the absorption of European funds allocated through the Rural Development National Program (PNDR) over 2021-2022. “We are offering an extensive range of products adapted to the specific and demands of PNDR program, so that eligible end users can access: grant pre - financing credits, credits for co-financing contributions to eligible and not eligible expenses or bank warranty letters to return down payment, “said Traian Halalai, executive president of EximBank, in a press release. In his turn, Mihai Moraru, the general director of AFIR, says this collaboration accord will concretely support PNDR beneficiaries to obtain advantageous credits. EximBank is a specialized institution which is actively involved in supporting and promoting the Romanian business environment. Its financial instruments are devoted exclusively to the corporate segment and can be accessed in advantageous conditions by any type of commercial company, either IMM or a large company, carried out international transactions, or addresses, or addresses the domestic market. AFIR is meant to technically implement the technical and financial PNDR 2020. Until the present, 67828 farms,processors, entrepreneurs and public authorities that concluded financing contracts with AFIR to receive European grants through PNDR 2020. The value of payments made by AFIR, until the present day, to beneficiaries of the program amounts to 7.65 billion euros, which represents a degree of effective absorption of allocated funds of 81.24%. For the transition period of 2021-2022, AFIR has at its disposal funds for agriculture and rural development of 3.28 billion euros.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
