The European Commission adopts Interreg VI-A Romania-Hungary Program of over 175 million euros. The money is meant for four counties in Romania and four counties of Hungary. The Development Ministry announced on Tuesday, that Interreg VI-A Romania-Hungary Program was adopted by the European Commission and its overall budget is 175.94 million euros, 80% of that amount representing the allocation of FEDR (140.75 million euros). The source pointed out that the Program will support joint cross border initiatives, as well as exchanges of experience, joint strategies/action plans. The latter will contribute to the increase of cooperation in the field of renewable energies, contributing to building green and renewable energy communities , including the promotion of joint solutions for the expansion and promotion of Renewable Energy Sources in the program area (generation of projects); the increase of the capacity and efficiency of emergency services and the prevention of risks (both climate and non-climate), through cooperation; the improvement of coordination and protection of the natural patrimony along the border; the increase of resilience and quality in the health sector, through cooperation. This program also intends to develop a joint vision for the promotion of the cultural and natural patrimony, including cultural initiatives and the development of tourist sites; the thorough understanding of cross border exchanges and the increase of the planning capacity of some efficient joint actions, contributing to the increase of the number and quality of joint strategies; a better understanding of the ways of removing barriers in the way of cooperation and identification of possible solutions, with the involvement of the adequate ruling level; the increase if interpersonal actions and cross border cooperation through joint initiatives.
The Romanian Ministry of Energy announced that the volume of natural gas exported from the Neptun Deep perimeter to Germany, under a contract previously reported by media, will represent less than 1% of the total estimated production of the Black Sea field, which has estimated reserves of over 100 billion cubic meters of natural gas, […]
For the Romanian IT companies, an important sector in the local economy, 2024 meant fewer new contracts, a much longer time needed to attract new business, increased labor costs amid legislative changes, and an unfavorable global context, according to a report filed at the end of last year by the management of the Employers' Association […]
German company Schieffer Industries will build a plastic components factory for the automotive industry on a plot of land at the entrance to the municipality of Hunedoara in Romania. Works on this investment are expected to be completed in the fall of this year so that production can start at the end of 2025, the […]
The Romanian state would consider the option of returning as a majority shareholder of utility group Electrica (BVB: EL) again and is analyzing ways to do this, sources told Economedia.ro. "It's a working scenario," other sources told Economedia.ro. Currently, Electrica is a listed company on the Bucharest...
Local carmaker Dacia has officially launched its Bigster model for orders in Romania on January 9, with prices starting at EUR 23,000 (VAT included) for the Essential version. The price goes up to EUR 29,500, with VAT, for the top version, Journey Hybrid 155. Deliveries to showrooms are expected to begin in spring 2025, with...
The leaders of the ruling coalition made up of the Social Democrats (PSD), Liberals (PNL), the Democratic Alliance of Hungarians (UDMR), and the minorities' group met on Wednesday evening, January 8, to decide on the new dates for the presidential elections. According to the agreed election schedule, the first round will take place on May […]
