The government approved, in Friday's meeting, the payment of a financial contribution worth 1.3 million euros in support of the populations of Turkey and Syria, as a result of the February 6 earthquake.The payment of these amounts was assumed by Romania within the International Conference of Donors. Thus, the budget of the Ministry of Foreign Affairs is supplemented by 6.5 million RON, from the budget reserve fund available to the Government.The financial commitment will be directed to the following international organizations:- 150,000 euros to the United Nations Children's Fund (UNICEF) for the benefit of the population of the Republic of Turkey;- 150,000 euros to the United Nations Population Fund (UNFPA) for the benefit of the population of the Republic of Turkey;- 700,000 euros in the form of a voluntary contribution for the benefit of the United Nations Development Program (UNDP) for rapid recovery in the Republic of Turkey;- 150,000 euros to the World Food Programme (WFP) for the benefit of the population of the Syrian Arab Republic;- 150,000 euros to the UN Refugee Agency (UNHCR) for the benefit of the population of the Syrian Arab Republic.At the same time, the payment of Romania's voluntary financial contribution to the budget of the Organization for Economic Cooperation and Development for the EURASIA Regional Competitiveness Programme was approved, an amount of 200,000 euros, borne from the approved annual budget of the Ministry of Foreign Affairs for the year 2023."The voluntary contribution within the programme will ensure Romania's visibility in the context of the OECD accession process and will contribute to strengthening the active profile both within the organization and the OECD members, as well as in relation to the partner countries. Considering Romania's constant support to the Republic Moldova and Ukraine, joining the ECP programme also represents a continuation of the multidimensional support provided by Romania to the two states, including through involvement in various activities of the programme, contributing to the economic development in the neighbourhood," the Government informs. (Photo:www.gov.ro)
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
Romania's public debt increased by RON 30.3 billion (EUR 6 billion) in July after the new government of prime minister Ilie Bolojan returned to the international market following a period of absence due to the political turmoil caused by the presidential elections and the formation of a new ruling majority. Romania's public debt hit RON […]
The Romanian Environment Ministry has proposed new legislation that would make the illegal cutting of trees in urban green spaces a criminal offense punishable by prison. The move aims to close what officials describe as a legal loophole that has hindered environmental protection in cities. The draft emergency ordinance
