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.
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
