Economy Minister Radu Oprea has unveiled a four-year EUR 600 million state aid scheme for the Romanian manufacturing industry."The steps that follow after today's approval of the government decision regulating the state aid scheme are publishing a guide, which is ready in transparency; signing the ministerial order for the guide; and opening a project session that will last 30 days. I am asking those who are interested and who will submit projects for this new state aid scheme to keep an eye on the website of the Ministry of Economy, Entrepreneurship and Tourism, to see the guide, so that they may start working and submitting good projects for the Romanian economy," Oprea told a news conference on Friday at the Government House.Oprea mentioned recent statistics according to which the Romania's per capita GDP in relation to the purchasing power is comparable to that of Poland. There are also statistics according to which Romania would have one of the highest economic growth in the European Union, he said."Romania, from the point of view of per capita GDP in relation to the purchasing power, is on a par with Poland. We have an 80% degree of convergence with the European Union. At the time of accession, we were at 43%, which means that Romania's economy has had the fastest growth in recent times. Also, the forecasts are good, favouring Romania. There are reputable financial institutions and specialist publications that say that Romania will probably have one of the highest economic growth this year in the European Union. Some publications say that it will even be the biggest increase. Regarding industrial production, I have looked at European statistics and I saw that in April we are already at a positive 3.8 percent growth, although the European average was negative 2 percent, which means that the manufacturing industry and the industry in Romania are faring well at the moment," Oprea said.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
