* 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.
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
The far-right presidential candidate George Simion, who won the first round of the presidential elections with over 40% of the votes, said during a debate on Thursday, May 8, that Romania should copy many state policies enacted by Hungarian prime minister Viktor Orban. Simion stated during the Euronews debate that all ethnic Hungarians "must understand […]
A landmark exhibition of works by the iconic photographer and war correspondent Lee Miller has opened at The King’s House in Viscri, in central Romania’s Brașov county. Titled Lee Miller’s Romania, the exhibition is billed as “the most extensive presentation of her work ever held in the country.” Miller, the war photographer and muse of […]
Boracay’s white sandy beaches and stunning sunsets make it a top destination for travelers of all ages, including seniors looking for a relaxing getaway. While the island is known for its vibrant nightlife and water activities, it also offers many accommodations tailored to older visitors. Senior-friendly hotels in Boracay prioritize comfort, accessibility, and convenience, ensuring […]
AmCham Romania, the business association gathering 600 American, international, and Romanian companies, has called for "responsibility and dialogue, essential to prevent an irreversible decline in investor confidence in Romania." The call comes "in the context of economic turbulence built up over the years and amplified to a worrying level by the prolonged electoral period." "Romania's […]
1664 Blanc, the super-premium French beer known for its elegant taste and unforgettable style, is capturing the attention of Romanian consumers with a refreshed presence: a bold spirit that celebrates the courage to live with style and that unmistakable Oh là là — now also available in a 0.5L can. This new packaging targets the […]
