The European Commission has decided last week to make available over €65 million from the Asylum Migration and Integration Fund (AMIF) to support Bulgaria, Czechia, Poland, and Romania in hosting people fleeing the Russian aggression against Ukraine. This decision follows a targeted call for financing of the projects aiming to alleviate the pressure on the reception capacity of these Member States and to help them ensure that beneficiaries of temporary protection receive the necessary support, services and assistance. The European Union is currently hosting more than 4.1 million people benefiting from temporary protection, which was triggered for the first time shortly after the Russian invasion of Ukraine, and in September this year further extended until March 2025. The Commission continues to take measures to support people fleeing Ukraine and Member States hosting them. Bulgaria, Czechia, Poland, and Romania can now use this additional funding from the EU budget to help beneficiaries of temporary protection move out of collective accommodation towards private housing, by supporting them financially during the transition period, with language and vocational training, as well with as access to social and health services. Member States agencies, civil society organisations and international organisations can start implementing their projects already as of today. The funding will be subject to the respective monitoring and control systems of the EU financial framework.
MedLife achieved a Pro forma consolidated turnover of RON 2.76 billion in 2024, up 25% compared to 2023, moreover, recording in the last five years increases in turnover of over 20%. Despite the growth and consolidation of its leading position, the company navigated cautiously last year, taking into account the increase in debt and the […]
At Café Athenée, a timeless noble tradition comes to life with the Afternoon Tea Experience, now available every day from 3:00 to 6:00 PM, upon reservations made at least 24 hours in advance. Guests can indulge in a selection of finely crafted pastries, delicate finger sandwiches and premium teas, curated to create a truly elegant […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, posts solid preliminary results for 2024 – a consolidated turnover of RON 412 million (EUR 83 mln), 2% above the revenue and expense budget revised in Q3 2024, EBITDA of RON 60 million (EUR 12 mln), +11% compared to the […]
A new study by Go Voyager has ranked Romania as the most dangerous country in the European Union (EU) to rent a car, mainly due to its poor road infrastructure, which translates into higher risks of getting into a car accident. On the opposite end, France ranks as the best country for car rentals due to […]
Accelerated growth of BCR's business in 2024. An 11% increase in net assets, a 19.2% rise in net profit, 15.6% higher operating revenues, and a 19.3% growth in operating result, all driven by a significantly higher business volume with clients. Financing the economy. Over 6,500 companies, supporting approximately 280,000 jobs, were financed by BCR in […]
Romanian police announced they recovered a stolen bronze statue by French sculptor Emile-Antoine Bourdelle, valued at approximately EUR 15,000. The artwork was taken from France in 2018 and surfaced in Constanța, where officers from the Criminal Investigations Directorate intercepted an attempt to sell it. On February 27, 2025, acting on intelligence...
