The government approved, in its Wednesday meeting, the emergency ordinance that will allow access to the loan worth rd EUR 14.94 billion granted by the European Commission under the Recovery and Resilience Facility.According to a press release of the Executive, the emergency ordinance adopted by the Government provides for the approval of the Loan Agreement (Recovery and Resilience Facility) between the European Commission and Romania, signed in Bucharest on November 26, 2021 and in Brussels on December 15, 2021.The quoted source mentions that Romania benefits through the National Recovery and Resilience Plan (NRRP) of about EUR 29.18 billion, of which about EUR 14.24 billion grant and about EUR 14.94 billion loan."The European Commission will make available a pre-financing of 13 pct of the loan (about EUR 1.94 billion), after the entry into force of the Agreement. The loan will be used to finance the state budget deficit and the refinancing of the government public debt, to the extent of the budgetary expenditures incurred for the implementation of the reforms/investments provided for in the NRRP and, respectively, the fulfillment of the milestones and the targets associated with the loan. The loan availability period is December 31, 2026. The amounts of the loan will be made available in 10 tranches," the release said.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
