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.
The government approved on December 17 an emergency ordinance by which the Ministry of Finance allocates almost RON 2.5 billion (nearly EUR 500 million), intended for the payment of arrears of the Ministry of Development (MDLPA) and the continuation of public investments. This comes on top of RON 1.35 billion allocated to the Ministry of […]
It’s the last weekend before Christmas and another chance to search for presents or enjoy the season’s music.
The government adopted an emergency ordinance on December 17 requiring all local authorities to approve, by December 31, the local taxes and fees that will apply in 2026, effectively forcing city halls to implement substantial property tax increases in line with guidelines already legislated, Ziarul Financiar...
In a meeting on Wednesday, December 17, the leaders of Romania's four-party ruling coalition agreed on the last bills to be included in the second package of budgetary measures – primarily the public administration law, but also the minimum tax on turnover, the minimum wage, and the reduction of some other public expenditures. The parties […]
Metinvest announced on Wednesday, December 17, that it completed the acquisition of ArcelorMittal Tubular Products Iași, in eastern Romania. The plant produces welded structural pipes for the construction, engineering, infrastructure, and agricultural sectors, with a maximum annual production capacity of 240,000 tonnes. The plant is Metinvest’s first production site in Romania. Negotiations on its acquisition […]
Romanian president Nicușor Dan was received by King Charles III at Buckingham Palace on Wednesday, December 17, during his official visit to the United Kingdom, marking the final stage of his trip to London. The head of state also met with Romanians who welcomed him during the visit. President Dan posted a brief message alongside […]
