Two important topics were agreed on with the representatives of the European Commission, namely the final details for the approval of the aid scheme for the decarbonisation of industrial production processes and the capitalization of EximBank and CEC Bank, the Minister of Finance Marcel Bolos announced on Wednesday evening."Two important topics, agreed upon with the representatives of the European Commission. 1. The revitalization of the Romanian industry is on the last stretch. Together with the representatives of the European Commission, we finalized the final details for the approval of the state aid scheme for the decarbonization of industrial production processes, an initiative within of the "Romania Produce" program. (...) 2. Also today, I put the capitalization of EximBank and CEC Bank on the agenda, under market conditions, to strengthen their capacity to support the strategic projects of Romanian companies", the minister wrote on his Facebook page.He emphasized that, regarding the first topic, the Romanian authorities have undertaken to support the producers in the metallurgical and chemical industries, pillars of industrial production in Romania, facing major challenges: high energy consumption and the need urgent modernization to remain competitive."The European Commission has also authorized such schemes in Italy and the Czech Republic, which have proven to be very successful. With a budget of 5 billion RON we want to offer direct financial support for the electrification of production processes, the use of green hydrogen and the reduction of fuel consumption energy. It's a practical measure, but also one of vision. Without this support, we risk losing investments and seeing how other countries transform their economies. Thanks to the partners in the team DG Competition for the openness with which they received this proposal", explained Bolos.As to the capitalization of the two banks, the minister of finance stated that "it is an important objective for us to stimulate the competitiveness of Romanian companies on international markets and to encourage investments in sectors with growth potential".
The Romanian stock market benchmark – the BET Index – officially crossed the 20,000-point threshold on Tuesday, July 25, 2025, marking a major milestone in its recent surge. The BET has gained about 7.5% in the last month, setting several new record highs on its path to 20,000 points. However, the Bucharest Stock Exchange’s recent […]
If you operate as a crypto broker, you might have come across a crypto broker program — a specialized service designed to enhance broker operations, expand service offerings, and optimize how they serve their end clients. These platforms have grown in popularity, offering streamlined access to the digital asset space with tools designed to suit both […]
For its 2025-2026 season, the George Enescu Philharmonic will bring to Bucharest more than 70 Romanian and foreign conductors and soloists of top level, 75% of whom are present for the first time in its artistic programming, the institution said. Among the names that will take the stage of the Romanian Athenaeum in Bucharest starting this […]
The Neuman House, a protocol residence for former communist dictator Nicolae Ceaușescu situated in the city of Arad, in western Romania, is up for sale for EUR 2.4 million, according to an online listing by an international agency specializing in luxury property brokerage cited by Agerpres. The building belonged to the noble Neuman...
During a press conference held on Tuesday, July 29, Romanian prime minister Ilie Bolojan presented the main measures from the magistrates' pension reform project, which will be included in the third fiscal package. The project includes raising the retirement age and capping pensions. The reform is urgent and necessary, said the official, who also warned […]
UNICEF has launched the Romanian-language version of the podcast On My Mind (În Mintea mea), created to support young people's mental health, with the support of global streaming platform Spotify. The Romanian-language version of the podcast complements the work carried out by UNICEF in Romania, which is currently implementing an initiative aimed at promoting the […]
