President Dan reportedly wants a fully operational government in place before the next S&P sovereign rating review, expected in early October, with the rating agency’s experts due in Bucharest on September 24, according to G4media.ro. The...
On Friday, the Government approved, via memorandum, the establishment of a risk management mechanism designed to ensure the fulfillment of milestones and targets associated with payment requests 5 and 6 of the National Recovery and Resilience Plan (PNRR) through the creation of a reserve fund?"Piperine Strategic."According to a statement from the Government, the memorandum provides for the creation of a reserve portfolio consisting of mature and compliant projects, intended to manage the risk of failing to meet the milestones and targets associated with payment requests no. 5 and 6 under the NRRP."This reserve fund is intended to support the achievement of the targets set out in the PNRR and to prevent penalties in cases where certain projects in the active portfolio can no longer contribute to meeting the indicators," the Government explained.The reserve fund will include projects initially contracted under the PNRR, subsequently continued through the Environment Fund, and already completed and formally accepted; should the risk arise of failing to meet a milestone or target, these projects may be utilized and reported to fulfill PNRR indicators, the Executive indicated.According to the press release, the investments target the water and waste management sectors, including voluntary collection centers, digitized eco-islands, and manure management platforms.The reserve portfolio will be managed by the MMAP and the AFM, under the coordination of the MIPE, in compliance with the national and European framework and the obligations assumed towards the European Commission.
President Dan reportedly wants a fully operational government in place before the next S&P sovereign rating review, expected in early October, with the rating agency’s experts due in Bucharest on September 24, according to G4media.ro. The...
The BET index lost 6.7% in August, but still posted a 42.3% gain since the beginning of the year and a 67.4% increase over the past 12 months, ranking first on both horizons among a sample of 38 European national benchmark indices, Ziarul...
The company's management has set the date for the Extraordinary General Meeting of Shareholders for September 21, 2026. The agenda includes the project for the new terminal for bulk solid fertilizers and liquid products, according to the official document. The infrastructure will be developed at Berth 84 and Stockpile 5 in the North Port of […]
This prepares the ground for a faster sale of the shipyard to the German group Rheinmetall, which should start construction of EUR 1 billion military ships under a contract with the Romanian state, and its partner MSC, Ziarul...
Energy expert Dumitru Chisăliță told Digi24 that new offers could be 10%-15% more expensive and warned that price increases could continue until the end of the year or even into 2027. “Hidroelectrica was until now the supplier with...
The INS data confirmed the flash estimate announced in August. For the first half of the year, economic activity contracted by 0.7% y/y. Under the Eurostat methodology, based on chain-linked volumes, GDP contracted by 1.9% y/y in Q2, after a 1.4% y/y contraction in Q1. In seasonally adjusted terms, however, GDP remained broadly unchanged in […]