Tuesday, 24 May, the Commission signed a contribution agreement with Romania to use the InvestEU Fund as a tool to support the implementation of the national recovery and resilience plan. It is the first agreement under the so-called ‘Member State compartment of the InvestEUprogramme, a new mechanism allowing Member States to make voluntary contributions to the InvestEU Fund to finance additional financial operations under InvestEU. Under this agreement, Romania will channel part of its Recovery and Resilience Facility (RRF) funds to the Member States compartment of the InvestEU Fund and the InvestEU Advisory Hub. These resources will unlock more than EUR 700 million in the form of additional financial guarantees allocated to Romania under InvestEU. They are also expected to mobilise at least EUR 2.5 billion in funding to strengthen the competitiveness of small and medium-sized enterprises in Romania and improve the energy efficiency of buildings. The European Investment Fund and the European Bank for Reconstruction and Development will act as implementing partners and implement a number of InvestEU financial products to support the objectives of Romania’s recovery and resilience plan. The agreement signed yesterday underlines the importance of synergies between EU funds and the role that InvestEU plays in achieving the objectives of the Recovery and Resilience Facility. Through the InvestEU programme, the EU will have key long-term funding, mobilising substantial public and private funding in support of a sustainable recovery and EU policy priorities such as the European Green Deal and the digital transition. Through the EU budgetary guarantee of EUR 26.2 billion (the so-called “EU compartment”), the programme is expected to mobilise at least EUR 372 billion of additional investment across the EU.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
