The budget of the Transport and Infrastructure Ministry was supplemented on Thursday with approximately RON 820 million for covering the subsidies to the railway passenger transport and for settling the costs with the beneficiaries of train, metro, road and ship travel facilities, the government informs on Thursday in a release.Also on Thursday, the government supplemented the budget of the Romanian Academy with over RON 8.7 million for current and capital expenditures with the Library of the institution, and also approved a total amount of RON 1,604,300 in emergency aid to 405 families and single persons in various counties, the recipients being in situations of need caused by fires, dangerous meteorological phenomena or special situations caused by poor health or other causes that can lead to an increase in the risk of social exclusion. The disbursement of these aid amounts is ensured from the 2024 budget of the Ministry of Labor and Social Solidarity.At the same meeting, the government approved an extra RON 68 million for the budget of the Ministry of the Interior from the Government Reserve Fund for 2024. The money will be distributed to the county emergency inspectorates, respectively the Bucharest-Ilfov Emergency Inspectorate for covering social assistance expenses over January - June for foreign citizens coming from the Ukraine conflict zone who benefit from temporary protection in Romania.
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
