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".
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
