Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Commissioner Corina Cretu uses Parable of Talents to...

Commissioner Corina Cretu uses Parable of Talents to prompt Romania use financial instruments in support of SMEs

March 13, 2015

​European Commissioner for Regional Policy Corina Cretu used Biblical teachings in a conference in Bucharest on Thursday to push the Romanian Government into giving proper attention to and accepting the importance of European financial instruments to support SMEs. He warned Romanian minister for European Funds Eugen Teodorovici that, in the words of Matthew, "from the one who has not, even what he has will be taken away". For his part, Teodorovici said that his government was working to create a state-controlled development bank to offer its own financial instruments to SMEs and other beneficiaries, in order to access European funds.

Read in full - click here
Romanian president nominates former interim president Ilie Bolojan as PM

President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]

Balkanik Festival: Bucharest event announces lineup of this year's edition

Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]

Romania’s Timișoara announces plans for two new bridges over Bega River

The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]

Western Romania: 2,000-year-old Sarmatian necropolis discovered in Timișoara

A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]

George Enescu Philharmonic Orchestra concert marks Romania Day at Osaka World Expo

The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]

Romania’s Sphera Franchise opens chocolate & ice cream café in Italy

Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area.  This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]