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.
Romania’s acting prime minister Cătălin Predoiu conveyed Romania’s condolences to India on Thursday, June 12, following the deadly plane crash in the western city of Ahmedabad. The Air India Boeing 787-8, en route to London, went down in a residential area with 242 people on board. In a message posted on platform X, Predoiu expressed […]
Oradea, a major city in northwest Romania, has been selected as a pilot city in the European Union’s LIFE COOL ZONE project, aimed at addressing the growing impact of urban heat waves through climate adaptation strategies. The initiative, funded under the EU’s LIFE Programme, promotes cross-border cooperation between Romania and Hungary and focuses on scalable, […]
The ASTRA Center for Activities and Regional Resources in Sibiu, a medieval guildhall turned into a training and cultural hub, is among this year’s winners of the European Heritage Awards / Europa Nostra Awards in the Education, Training and Skills category. The Sibiu center has set “a national precedent for recognizing traditional crafts, professionalizing artisans, […]
Symmetrica, Romania’s leading producer of vibropressed paving stones and curbs, has finalized a EUR 15 million investment in a new production facility in Doaga, Vrancea county. The site becomes the company’s largest industrial center, spanning 30 hectares and including four production halls and a logistics warehouse. The new facility, built on infrastructure previously owned by […]
Froo, the convenience store format developed by Poland’s Żabka Group, opened its 100th store in Romania, just 12 months after entering the market. The expansion reflects the group’s rapid rollout strategy and growing footprint in Romanian urban and residential areas. Since entering the Romanian market, Froo stores opened in Bucharest, Pitești, and Constanța, averaging one […]
For the 11th consecutive year, the organizers of Untold are celebrating academic excellence through the “BAC de 10” campaign, offering free festival passes to students who score a perfect 10 on their national Baccalaureate exam. Over the past decade, more than 1,600 high school graduates have received complimentary access to the festival as part of […]
