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.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
