* The European Commission pays REPowerEU pre-financing to Romania, Belgium, Croatia, Cyprus, Finland, Greece, Italy, Latvia and Spain under the Recovery and Resilience Facility. Today, 25 January, the European Commission paid the following pre-financing amounts related to REPowerEU funds under the Recovery and Resilience Facility (RRF): EUR 145,1 million to Belgium and EUR 585.1 million to Croatia in the form of grants and loans; EUR 20.9 million to Cyprus, EUR 25.4 million to Finland, EUR 158,7 million to Greece, EUR 551.2 million to Italy, EUR 26.9 million to Latvia, EUR 288 million to Romania in the form of grants and EUR 340 million to Spain in the form of loans. These pre-financing will help accelerate the implementation of the main investment and reform measures presented in each REPowerEU chapter. This will accelerate the achievement of the objectives of the REPOwerEU plan for energy saving, clean energy production and diversification of energy supply, with the aim of making Europe independent of Russian fossil fuels following Russia’s invasion of Ukraine. Payments made today follow the approval by the Council of the revised plans of these countries, which include a chapter on REPowerEU, and the signing of the financial agreements. Pre-financing, paid in one or two stages, represents up to 20 % of the additional funds requested to finance each country’s REPowerEU chapter. If the pre-financing is paid in two stages, the second part must be paid within 12 months of the payment of the first part.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
