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.
Romania is represented at two of the most important European book fairs this week, in London and Brussels, providing the Romanian literary scene with access to a wider audience. Both fairs reunite tens of thousands of visitors in events, lectures, and launches. Romania at the London Book Fair The Romanian Cultural Institute (ICR) is organizing […]
The Romanian Air Force will soon be able to carry out air defense missions for national and allied airspace with three F-16-equipped squadrons stationed across three air bases, defense minister Angel Tîlvăr said. He made the statement at a ceremony at Câmpia Turzii, marking the completion of the F-16 Fighting Falcon aircraft acquisition for the […]
Pro-Russian candidate Călin Georgescu, who is now seeking the support of the Trump administration to run for president of Romania, said Donald Trump "is not what he used to be" and called vice-president JD Vance “a virus” in a podcast from July 2024, Digi24 reported. Georgescu, who was virtually unknown...
The sixth edition of Urban Blues Fest will take place at The Pub Trocadero in Bucharest next month, from April 4 to April 6. This year’s festival promises three nights of blues performances that celebrate both tradition and modernity. The festival kicks off on April 4 with Sentimental Journey, featuring Robert Cristian Zsugya, aka Southernman […]
Graffiti Plus (GRF+), one of Romania’s leading communication consultancy agencies for brands and businesses, announced its intention to debut on the Bucharest Stock Exchange in 2025, a first for a local company in this sector. The company is one of the most awarded agencies in the region. In 2024, it had the highest number of […]
Lidl accelerated its expansion in Romania this year, adding 12 new stores to its local network in two months. This brings the retailer's total number of stores to 377, with plans to open 25 more by the end of the year. The new locations span across both large cities, such as Oradea, Cluj-Napoca, Suceava, Ploiești, […]
