General manager of the Oradea International Airport, Razvan Horga, signed on Thursday at the Transport Ministry headquarters the EU funding contract for an almost 213 million RON project to expand the passenger terminal, the Bihor County Council said in a release.Following the implementation of the project, the built area of the terminal will increase more than four times from the current 2,925 sqm to approximately 12,500 sqm.Funding will be provided through the 2014 - 2020 Large Infrastructure Operational Program, under Priority Axis 2 - Development of a quality, sustainable and efficient multimodal transport system.Of the total amount of the project of 212,844,709.50 RON, the eligible amount is 166.511 million RON, of which 163.180 million RON in non-refundable EU money (from the European Regional Development Fund) and the eligible public contribution from the state budget, and 3.33 million RON coming from the budget of the Bihor County Council.The investment is due for completion in 8 months, of which two for the design and 6 for the execution of the works.The terminal will be expanded to accommodate a traffic of 400 passengers per flow, with four main flows provided: Schengen departures/arrivals and non-Schengen departures/arrivals. There are also dedicated secondary flows for VIP departures and arrivals. The handling capacity will be of 800 passengers/hour, both for domestic and international flights.Commercial spaces and offices for the administrative, handling, security staff and for representatives of control authorities - border police, Intelligence Service and customs - will also be built as part of the project.The investment also provides for the expansion of the concrete platforms in front of the terminal to facilitate the access of passengers, staff and airport equipment, the expansion of the access road and of the parking (capacity of 320 places), the purchase of a de-icing machine for freezing weather and other related works.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
