An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Romania will have to allocate approximately 2% of GDP annually over the next 10 years, representing the financial contribution related to European-funded projects, to which is added the demand to complete the entire infrastructure presented in the Investment Plan for the development of transport infrastructure for the period 2020 - 2030.The Ministry of Transport and Infrastructure (MTI) published, on Friday, in public debate, the draft Government Decision on approving the Investment Plan for the development of transport infrastructure for the period 2020 - 2030, the deadline for receiving proposals and comments being December 14, 2021.According to the substantiation note that accompanies the draft normative act, the Investment Plan develops a strategy of ensuring the necessary financing for the 10 years of implementation starting from the correlation of the main financing sources available to Romania: PNRR, POT, CEF 2.0 and the national budget.In total, the financing need for all transport sectors in Romania over the next decade is 72.77 billion euros. Of this amount, 34.19 billion euros is dedicated to road infrastructure, 20.63 billion euros to railway infrastructure, 10.7 billion euros to metro infrastructure, 4.46 billion euros to naval infrastructure and 2.79 billion euros dedicated to airport infrastructure.The maximum estimated allocations for European funding are 40.78 billion euros (of which 13.43 non-reimbursable external funds and 27.35 maximum contribution from the state budget, including the over-contracting mechanism), resulting in a deficit of 31.99 billion euros, which can be covered from the state budget, respectively by external loans and private funds.
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
Simtel (BVB: SMTL), a Romanian engineering and technology company listed on the main market of the Bucharest Stock Exchange (BVB), announced that it inaugurated a 52 MWp photovoltaic park in Giurgiu, the largest solar facility in Romania built through ecological reconversion on degraded industrial land. The project transforms a former industrial ash pit into a […]
North Bucharest Investments announces outstanding results following the addition of Horizon City to its portfolio, one of the largest and most modern residential developments currently in the presales phase. In just three weeks, NBI recorded a 40% increase in reservations, highlighting the strong market interest in this strategically positioned project in the northern part of […]
Untold Universe is set to open its Planeta Crǎciun/Planet Christmas holiday market in Cluj-Napoca on Friday, November 21, turning Piața Unirii into a winter attraction filled with lights, music, and various activities. The 41-day event, organized in partnership with the city hall, marks the start of the city’s festive season and includes hundreds of thousands […]
President Nicușor Dan has signed a decree awarding Major General Matthew J. Van Wagenen one of Romania’s highest military honors, the “Military Virtue” Order, Knight rank, the Presidency announced on Wednesday, November 19. The decoration recognizes the US General’s career in senior command and staff positions...