The European Commission approved on Thursday, according to EU norms about state aid, the reintroduction of Romania's short term export credit, with a budget of 7.2 million euros, according to a press released of the European Executive. The Romanian state can cover risks supported by small companies with a small business figure made from exports and risk of single export transactions. Initially, the plan was approved in August 2014, extended in February 2017 and made to expire in December 2021. In February 2022, Romania notified the intention to reintroduce the plan, which would last until December 31, 2026. The maximum annual business figure for export for small companies to be eligible was established at 2.5 million euros (on the rise by 0.5 million euros compared to the initial plan). The commission evaluated the plan according to EU norms about state aid, especially the 2021 Communication about short term export credit. The EU Executive decided that the measure is necessary because there are no insurance products to cover the risk of non payment by foreign buyers for small companies with small business figures from export, or private insurers to cover export transactions. The Commission concluded that the plan is proportional, as it made sure that Romania will cover only transactions for which private covering is not available in the market and make sure that private insurers are not excluded, in case they want to cover such risks. In December, EC adopted a reviewed Communication about insuring short term export credits which establishes norms to make sure that the support granted by the state for export credits do not affect competition between private and public export credit insurers and set up competition conditions between exporters from various member states. Export credits allow foreign buyers of goods and services to delay payment. This delay involves a credit risk for sellers, which in their turn get insurance for this risk. The reviewed communication about short term export credits came into force on January 1,2022, without expiry term.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
