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.
Writer Liliana Corobca, author of prose, essays, and plays, will represent Romania at the seventh edition of the European Literature Night, which will take place on Thursday, October 23, at the Ukrainian Institute of America in New York. According to a press release from ICR New York, the event, which brings together some of the […]
Almost one-third of global greenhouse gas emissions come from agri-food systems Auchan Romania brought together over 100 food producers and suppliers for the second edition of the Climate Supplier Event, a conference dedicated to accelerating decarbonization and strengthening resilience and competitiveness within the food supply chain in the face of climate change. Organized under the […]
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, recorded total sales and pre-sales of EUR 137.7 million in the first nine months of 2025, corresponding to 42,634 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 467 apartments and commercial...
YOXO announces the launch of reconditionate.yoxo.ro, an online store dedicated to refurbished phones and gadgets, developed in partnership with Recommerce®, a European expert in the field. The new platform provides customers across Romania with access to certified, refurbished phones that meet European quality standards. YOXO thus combines accessibility, performance and environmental responsibility –...
Save the Children Romania inaugurated the Antibullying Resource Center on Wednesday, October 22, meant to be a hub of resources dedicated to children, teachers, and parents to understand, prevent, and respond appropriately to bullying situations and to improve the school climate. The need for the center is dire. Around 90% of teachers and school counselors […]
Award-winning director Radu Jude’s latest film, Dracula, will premiere in Romanian cinemas on October 31, distributed by Independența Film. Following its world premiere at the Locarno Film Festival and screenings at major international festivals including New York, Chicago, Vienna, Sitges, and Warsaw, the film arrives in Romania just in time for Halloween. Early screenings will […]
