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.
Cambridge School of Bucharest (CSB) has been shortlisted for the Student Mental Health Initiative of the Year category in the Tes Awards for International Schools 2025, becoming the only school in Romania to appear on this year’s shortlist. The nomination recognises CSB’s pioneering, student-led approach to promoting well-being across the Secondary School and reflects the […]
The Romanian Film Festival UK (RFF25UK) begins this week with a program showcasing a selection of new and archive Romanian feature films, documentaries, and shorts. The festival will open with the UK premiere of Traffic, Romania's 2026 Academy Awards entry. The film is directed by Teodora Ana Mihai from a screenplay by Palme d'Or–winning filmmaker […]
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
