Funds worth 1.9 billion euros will enter the Romanian state's account on Thursday, representing pre-financing from the loan granted to Romania, through the National Recovery and Resilience Plan (PNRR), after the targets and milestones of the fourth quarter of 2021 have been reached, the Ministry of European Investments and Projects (MIPE) informs in a release sent on Wednesday."On January 13, 2022, with the entry into force of the Loan Agreement (Recovery and Resilience Mechanism) between the European Commission and Romania, the amount related to the pre-financing of the loan component will be transferred, amounting to 1,942,479,890 euros, representing 13% of the total loan amount, in addition to the first tranche of pre-financing, on the grant component, paid by the European Commission on December 2, 2021, amounting to 1.85 billion euros. Thus, until now, a total amount of 3.79 billion euros was granted to Romania, from the moment of approving and starting the implementation of PNRR, on November 3, 2021," the quoted source states.The Council's implementing decision of November 3, 2021 states that the loan amounts will be made available in ten installments, based on the Romanian side meeting the milestones and targets for the loan reforms and investments."The loans from this program, drawn in very advantageous conditions, will be used to finance large-scale projects for Romania, whether we are talking about hundreds of kilometers of motorway, tens of thousands of homes connected to water and canal networks, facilities for digitization a few thousands of SMEs or tens of thousands of reforestation hectares. Access to these funds is conditional on the implementation of the reforms undertaken by PNRR and therefore requires a joint effort of all coordinators," said the Minister of Investment and European Projects Dan Vilceanu.The representatives of MIPE emphasize that the institution will send, in the first part of 2022, the first request for payment to the European Commission, based on the fulfillment of the 24 targets and milestones related to the first quarter of 2022, out of the total of 507 assumed throughout the plan.The amount related to the implementation of PNRR is 29,181,842,750 euros. Romania requested non-reimbursable financial support amounting to 14,239,689,750 euros and loans of 14,942,153,000 euros under the Recovery and Resilience Mechanism. All this represents 13.09% of GDP reported in 2019.The plan contains 171 measures, of which 64 are reforms and 107 are investments, structured around six pillars and 15 components.The main objectives of the plan are achieving the green transition and the digital transition, while strengthening healthcare, education, social cohesion and inclusion.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
