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 Feldioara Uranium Concentrate Processing Plant (FPCU), owned by the state-owned company Nuclearelectrica, the operator of the Cernavoda nuclear power plant, will deliver nuclear fuel in the form of uranium dioxide (UO2) to Argentina, a first for the Romanian nuclear industry. The Uranium Concentrate Processing Factory (FPCU) Feldioara, a subsidiary of Nuclearelectrica (BSE: SNN), won […]
Romania’s isolationist Alliance for the Union of Romanians (AUR) has consolidated its leading position with 40% of voting intentions, according to an INSCOP Research poll conducted between October 6 and 10. The party’s support remains more than double that of the second-placed Social Democratic Party (PSD), which registered 17.6%. The governing coalition parties - PSD […]
Romania's Social Democratic Party (PSD), the largest in the ruling coalition, will hold its congress and implicitly elect a new president on November 7, announced the party's interim head, Sorin Grindeanu, who is at this moment the sole candidate for a full term, according to Ziarul Financiar. ...
The minister of investments and European projects, Dragoș Pîslaru, stated on October 13 that the milestone 215 in the National Recovery and Resilience Plan (PNRR) regarding special pensions has not been met and, therefore, the EUR 231 million funds have been suspended. He thus contradicted the Supreme Council of Magistracy (CSM) and defended prime minister […]
Recycllux is tackling marine plastic pollution with a platform connecting companies seeking to offset their plastic footprint with the local cleanup capacity. From the more than 400 million tonnes of plastic that are produced yearly worldwide, more than 10 million tonnes end up in lakes, rivers, and seas annually, UN data shows. As awareness of […]
The deficit of Romania’s trade in goods has contracted by 10% y/y to EUR 2.6 billion in August, marking the fourth consecutive month of negative annual dynamics. The deficit in 12 months to August eased to EUR 34.4 billion, down from EUR 35.7 billion calculated in 12 months to April. The trade deficit to GDP […]
