Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. EconMin says concerned to draw SAFE Programme funds...

EconMin says concerned to draw SAFE Programme funds in advantageous conditions

October 20, 2025

Economy Minister Radu Miruta on Friday said that he is focused on ensuring that Romania uses, under advantageous conditions, the entire amount of funding available through the Security Action for Europe (SAFE) programme.Details about the funding proposals under SAFE are classified, he mentioned, after participating in the Aspen European Strategic Forum, which is taking place at the Palace of Parliament.'All I can tell you is that we have a very functional collaboration with the Ministry of Defence. We have received the list of priorities from the Ministry of Defence, and we are examining how we can serve this list of priorities within Romania. The concern is to draw the full amount of funds available through SAFE for the defence sector. However, I shall be very frank: I won't be satisfied merely because the funding was drawn. My concern is that there are advantageous conditions. In recent years, we have seen headlines in Romania about investors opening plants only to leave five years later, bankrupting the operation and disregarding Romania's contribution,' the minister explained.According to him, the conditions under which an investor comes to Romania must be fair.'At the Ministry of Economy, I've seen entire series of contracts that were made to Romania's disadvantage (...) I'm talking both about defence and in general - it seems to be a widespread issue. Contracts initially worth 675,000 euro ended up costing several million. Where does the difference go, and for whose benefit?,' Miruta commented.He mentioned the initial contract with Rheinmetall for the gunpowder factory Pirochim in Victoria as an example: 'There were some conditions that we were told couldn't be changed. We went through them one by one, changed them, and in the end, just from these changes alone - quantifiable, specifically - it's 92 million euro more for Romania. Who had accepted a 92 million euro disadvantage for Romania? The news that Rheinmetall was coming to Romania was the same - only with 92 million euro less. So yes, we'll draw the full amount (through SAFE), but under fair commercial conditions,' said Radu Miruta.Romania is set to benefit from 16.68 billion euro in funding through the European SAFE mechanism, according to provisional allocations announced by the European Commission for member states that expressed interest in the programme.According to a Government statement, participation in the SAFE programme has three major implications, and the amount allocated to Romania is the second largest among those announced by the Commission on Tuesday.

Read in full - click here
Romanian proptech company Vaunt expands in US, boasts EUR 860 mln transaction portfolio

Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]

Western Romania: IVF network Embryos acquires clinic in Oradea

IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria.  The turnover […]

Romania ranks fourth in Coface CEE Top 500 companies ranking, with 56 companies

Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]

Romanian fintech Instant Factoring secures EUR 30 mln financing structure to support SMEs

Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]

BVB-listed real estate company Meta Estate Trust appoints new CEO

Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]

Legendary Romanian coach Emerich Jenei dies at 88

Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona.  Emeric Alexandru Ienei (Imre Sándor Jenei) […]