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.
Coca-Cola celebrated 30 years of production at its Timișoara plant, in western Romania, by announcing a RON 5 million (roughly EUR 1 million) investment in a solar park, the company’s first renewable energy facility in Romania. The new solar installation will cover about 20% of the factory’s electricity needs and cut carbon dioxide emissions by […]
Solar Open Day brought the public closer to a new photovoltaic park. On September 17, the Romanian Photovoltaic Industry Association (RPIA) organized in Călugăreni, Giurgiu County, the third edition of the event, which has already become a landmark for the solar energy industry. This year’s host was PPC Renewables Romania, which opened the doors of […]
Grivița 53, the first private theatre built in Romania in roughly 80 years, was unveiled in Bucharest after nearly a decade of construction and fundraising efforts that brought together more than 14,000 supporters. The project, valued at about EUR 4.5 million so far, was launched in 2016 by director and writer Chris Simion-Mercurian and Tiberiu […]
An injured 24-year-old French tourist was rescued after falling in the Valea Căldărilor area of Romania’s Bucegi Mountains on Friday morning, September 19. The young man was recovered by mountain rescuers after an operation that lasted more than six hours. According to the data communicated by Salvamont Prahova, he was part of a group of […]
Vodafone Romania and Digi Romania announced the signing of the relevant legal documents for acquiring Telekom Romania Mobile Communications from the OTE group and Deutsche Telekom on Friday, September 19. The two telco operators will split Telekom assets between them. As part of the deal, Vodafone spent EUR 30 million, while Digi paid EUR 40 […]
Sebastian Burduja, adviser to prime minister Ilie Bolojan and former minister of energy, warned of the security impact of the sale of major dairy Napolact to a group owned by a businessman close to the Hungarian prime minister Viktor Orban, according to
