Environment Minister Mircea Fechet said that next year's enrollments in the "Green Home" solar photovoltaic installation program should be assigned a bigger budget, according to "certain well-established criteria, and transparent tie-breaking assessment factors known to everyone", emphasizing that the "first come, first served" principle has reached its limits.The minister made these clarifications at a press conference on Wednesday at the Victoria Palace of Government, where he also presented data regarding the completion of the latest session of the program."We cannot turn the 'Green Home' solar photovoltaic installation program into a national Olympic contest of digital skills, where whoever is the fastest gets the money. I believe that Romanians must have equal access to this program and I think we owe it to the Romanians to come up with fair, transparent tie-breaking criteria, which we should discuss in advance with the National Energy Regulatory Authority and with all the institutions that have a say in this matter. Starting next year, enrollment with this program should no longer be over in a matter of minutes or seconds, (...) but should be based on highly transparent and broadly known criteria, scores, tie-breaking and assessment factors," argued Fechet.He added that the program this year had a record-high budget of RON 2 billion, which financed almost 67 thousand Romanian households.The minister also said that by October 13, the Environmental Fund Administration will publish on its website the consolidated list of the approved panel installers. In a different thread, he dismissed suspicions about the apparently too short enrollment times - somewhere between one and two minutes on average - which some attributed to the illegal use of AI, stating that in the situation where demand exceeds by far the funding supply, the first conclusion is that an even higher allocation for the program is required.
The president of the junior ruling Liberal Party, Nicolae Ciucă, urged prime minister Marcel Ciolacu "to urgently explain what he will do so that Romania does not lose the approximately EUR 1.1bn from the Resilience Facility" suspended by the European Commission for six milestones not met by the country. Ciucă thus validates the EUR 1.1bn […]
Ford Otosan announced on October 15 that it will open in November waiting lists for Romania customers interested in buying the new fully electric model E-Tourneo Courier, produced in the factory in Craiova. The first vehicle deliveries are expected in the first quarter of 2025. The E-Tourneo Courier Trend (passenger version), with a 100 kW […]
Two new private equity funds - Evolving Europe Principal Investments Fund II and Finance in Motion Renewables Growth Fund - will receive up to EUR 27.5 million under the national implementation of the Resilience Facility (PNRR) to invest in Romanian companies, the Romanian Ministry of Investments and European Projects (MIPE) announced. The Investment Committee appointed […]
UniCredit downgraded its 2024 growth forecast for Romania to 1.7% (from 2.4% in July) due to the poor performance in H1 and a slower-than-anticipated recovery in the EU, but it upgraded its 2025 outlook to 1.9% (from 1.3% in July) owing to base effects, according to the latest research report of the financial group. The fiscal...
The medium-term fiscal plan that Romania is supposed to send to the European Commission (EC) this month under the Excessive Deficit Procedure has among its objectives cutting the budget deficit to 2.4% in 2031 and bringing the public debt to GDP ratio under 60% by the end of the seven-year period (after possible deviations above […]
The European Commission announced on October 15 that it had endorsed a positive preliminary assessment of the six targets and 62 out of 68 milestones linked to Romania's third payment request for EUR 2 billion (net of pre-financing) under the Recovery and Resilience Facility. The Commission found that six milestones have not been...
