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".
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
Polish LuxVet Group has acquired the Bucharest veterinary clinic RegalVet. The acquisition brings LuxVet’s local portfolio to five clinics and hospitals, one year after entering the local market. RegalVet Veterinary Clinic, which offers non-stop veterinary care, specializes in emergency veterinary medicine and surgery. The clinic employs ten qualified specialists, including veterinarians, technicians, and administrative staff. […]
