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".
Romanian author Mircea Cărtărescu is on the longlist for this year’s International Booker Prize, the influential award for translated fiction, with the novel Solenoid, translated into English by Sean Cotter and published at Pushkin Press. He is the first Romanian author to be longlisted for the prize, alongside 12 other authors nominated for the International Booker […]
Investors from Western Europe, particularly Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling EUR 1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. The Western European's market share accounted for […]
On Tuesday, February 25, the Bucharest Stock Exchange (BVB) granted 20 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2024 as part of the 12th edition of the BVB Awards. In the opening speeches, stock exchange officials also highlighted the growth of the local […]
Romanian football club FCSB announced on Tuesday, February 25, that its website has been targeted by a Distributed Denial of Service (DDoS) attack, which has caused disruptions in the online ticketing process. The incident occurred as the Bucharest team was selling tickets for the match against Olympique Lyon in the Europa League round of 16. […]
The training program in sustainable development runs from April to July 2025, in 5 development regions of Romania. The postgraduate course targets over 1,200 future experts in sustainable development, who will become local leaders of change. The total value of the training program is RON 5.3 million, with funding entirely sourced from the National Recovery […]
A new report from Colliers highlights significant trends in Romania's housing market for 2025, revealing a continued rise in home prices, limited new supply, and increased demand for rental properties. The findings show that while housing deliveries fell by 15% nationwide and over 20% in Bucharest, demand increased by 7% in 2024. As a result, […]
