Romania will benefit from an increase of more than 7 billion euros in financing under the Cohesion Policy in 2021-2027, 300 euro per capita, according to European Commissioner for Regional Policy Corina Cretu, who participated in the high level conference regarding the future of the Cohesion Policy. “We have negotiated, as you all know, in the multi-annual financial framework. We struggled to maintain the same method for earmarking the European funds, a method which we call “the Berlin method,” that has been used ever since 1999, which was based on the GDP per capita. According to this method, Romania will benefit in the period 2021-2027 from an increase of over 7 billion euros in funding under the Cohesion Policy in the future multi-annual financial framework. What I want to say is that this means 300 euro per head of inhabitant in Romania. This is the logic of the Cohesion Policy: the richer you are, the less money you will get. Thus, the Netherlands will receive 13 euro per capita, while countries like Romania, Slovakia, Bulgaria and Greece will receive more,” said Corina Cretu. The European Commissioner underscored that the power and unity of the European Union resides in the cohesion between member states, as it is the expression of solidarity and an aid to the new members to reduce their economic and social gaps. “In the past months, we negotiated this framework, this budget, and I believe that regional policy has come out victorious from this battle, but, of course, our proposal is now in the hands of the European Parliament and the European Council, which are co-legislators, and for the first time in the history of the European Union, we managed to have the biggest envelope for the Cohesion Policy, of 373 billion euro for 27 member states,” said Cretu.
CTP, a leading developer, owner, and manager of industrial and logistics properties, said that it delivered a new 65,000 sqm e-commerce fulfilment centre for LPP Logistics in CTPark Bucharest West. Construction of the building in the Bolintin-Deal area began in March 2025 and was completed in about half a year. According to CTP, “it stands […]
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The European Commission announced earlier this week that it has selected four electrification projects developed by Romanian companies to receive funding of EUR 29.33 million from the Connecting Europe Facility fund. The CEF funding round involves a total of over EUR 600 million in EU grants, which will support...
Romania has won the international competition for a judge position at the UN Dispute Tribunal (or UNDT), with judge Adina Elvira-Ghiţă set to take over a seven-year term, according to the Ministry of Foreign Affairs (MAE). Romania secured 109 votes in the UN General Assembly during the international competition for filling a judge position at […]
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
