The European Commission has wired 1.942 billion euro to the account of the Finance Ministry (FM) open at the National Bank of Romania (BNR), the sum representing pre-financing worth 13 percent of the loan of approximately 14.94 billion euro contracted by Romania as part of the Recovery and Resilience Facility, the Finance Ministry announced on Thursday."On January 13, 2022, with the entry into force of the Loan Agreement [the Recovery and Resilience Facility] between the European Commission and Romania, the sum afferent to the pre-financing in the loan component will be wired, totaling 1,942,479,890 euro, representing 13 percent of the total loan value. This amount comes to complete the first tranche of the pre-financing, on the grant component, paid by the European Commission on December 2, 2021, worth 1.85 billion euro. Thus, up to this moment, a total sum of 3.79 billion euro was granted to Romania, since the moment of approval and start of implementation of the PNRR [National Recovery and Resilience Plan] on November 3, 2021," the quoted source mentions.The sum for the implementation of the PNRR is 29,181,842,750 euro. Romania has requested non-returnable financial support worth 14,239,689,750 euro and loans of 14,942,153,000 euro as part of the Recovery and Resilience Facility. All of these represent 13.09 percent of the GDP reported in 2019.The plan contains 171 measures, of which 64 reforms and 107 investments, structured around six pillars and 15 components.The main objectives of the plan are to accomplish the green transition and the digital transition, consolidating, at the same time, medical assistance, education, social cohesion and inclusion.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
