Deputy Prime Minister and Finance Minister Tanczos Barna, and visiting head of the Swiss Federal Department of Foreign Affairs, Federal Councilor Ignazio Cassis signed on Thursday at the Victoria Palace of Government five financing agreements under the Romanian - Swiss Cooperation Program. Prime Minister Marcel Ciolacu and Foreign Minister Emil Hurezeanu also attended the signing ceremony.The agreements envisage the support measure for:* The Energy Efficiency and Renewable Energy Program - Program Operator: the Ministry of Development, Public Works and Administration. Total allocated budget - 70.5 million Swiss francs, of which the Swiss contribution is 60 million Swiss francs;* The Public Security and Safety Program (Home Affairs) - Program Operator: the Ministry of the Interior. Total allocated budget - 23.5 million Swiss francs, of which the Swiss contribution is 20 million Swiss francs;* The Public Security and Safety Program (Justice) - Program Operator: the Ministry of Justice. Budget - 11.7 million Swiss francs, of which the Swiss contribution is 10 million Swiss francs;* Health Services Program - Increasing the capacities for the prevention and treatment of child and teenage addiction in Romania - Program Operator: the Health Ministry. Total allocated budget - 11.7 million Swiss francs, of which the Swiss contribution is 10 million Swiss francs;* Dual Education Program - Program Operator: the Ministry of Education and Research. Budget - 11.7 million Swiss francs, of which 10 the Swiss contribution is 10 million Swiss francs. (Photo:www.gov.ro)
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The...
The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from […]
