The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
The European Commission approved on Wednesday Interreg VI A IPA Romania Serbia Program which is thus the first Interreg IPA Program adopted for the 2021-2027 programming period. At the same time, the (Interreg VI-A) IPA Romania-Serbia Program is also the first European funded Program under the 2021-2027 Cohesion Policy, submitted by Romania to the European Commission, for which the role of Managing Authority is fulfilled by the Ministry of Development, Public Works and Administration, the minister announced in an official press release. Thus, upon the adoption of the Program by the European Commission, the Monitoring Committee will launch, in the upcoming period, the consultations on the documents needed for the launch of the first call for project proposals. In the 2021-2027 programming period, the Ministry of Development, Public Works and Administration is acting as Managing Authority for the (Interreg VI-A) IPA Romania-Serbia Program, which will have a total budget of 87.725.681 EUR and will finance projects on environmental protection and adaptation to climate change, healthcare and education, tourism and culture and border management. The funding for these priorities will be 85% from the Instrument for Pre-Accession assistance (IPA III), 13% Romanian state budget co-financing and 2% as own contribution of the Romanian beneficiaries. Serbian beneficiaries will provide 15% co-financing as their own contribution. The Program area includes three counties in Romania (Timi?, Cara?-Severin and Mehedin?i), as well as six districts in Serbia (Severno Banatski, Srednje Banatski, Južno Banatski, Brani?evski, Borski ?i Podunavski). In order to ensure a transparent framework for institutional collaboration, starting with October 2019, the Ministry of Development, Public Works and Administration (MDPWA) organized consultations with key actors in the Program area and posted on the Program website, www.romania-serbia.net all documents related to the programming process, for public consultation.
The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Electrical cable manufacturer ELECTROPLAST is carrying out an investment project estimated at over EUR 9 million for modernizing the production unit and expanding its facilities. This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint. ELECTROPLAST is participating in the modernization of Romania's railway infrastructure. The company recently contracted...
Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique […]
The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth […]
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]