Digitization Minister Bogdan Ivan announces that the European Commission has approved the release of €1.7 billion for strategic research and innovation projects. ‘After two years of negotiations, the European Commission approved the release of 1.7 billion euro for strategic projects in research and innovation! This happened because MCID did what they had to do, and the EC considered as complete the favouring condition ‘good governance of the national or regional strategy for intelligent specialisation’ under our coordination’ the minister said on Facebook. He thanked the colleagues in the ministry who took part in the negotiations, especially to the state secretary, Andrei Alexandru and the team from the ministry of investments and European Projects."Their hard work is providing reimbursements from European funds for 10 programs under the Cohesion Policy. The investments will cover all regions of the country. With all this funding, we are building an innovation ecosystem in Romania and supporting entrepreneurs in the field, the Romanian geniuses who develop cutting-edge technologies and add value to the economy and industry", the minister said.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
