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.
East European Comic Con, the 10th edition, the largest event in Eastern Europe dedicated to film, series, comics, video games enthusiasts, will take place between August 26-28 in the Romexpo complex of Bucharest, informs a press release.Actor Ross Marquand, known for both his role as Aaron in the The Walking Dead series and for […]
Romania is taking part in the Book Fair in Madrid, between the period of May 27 - June 12, in Retiro Park, with its own stand and a program that includes book presentations, recitals, debates, translation workshops and autograph sessions.According to a press release sent by the Romanian Cultural Institute (ICR), Romania's stand will have […]
The Bucharest Chamber of Commerce and Industry (CCIB) signed a Memorandum of Understanding with CCIA Tripoli, in the presence of members of the Libyan delegation and representatives of Romanian companies interested in the respective market, informs a press release sent on Thursday."The event took place on the sidelines of a visit to Romania on May […]
Fifteen locations in Bucharest, Gorj, Giurgiu and the Danube Delta area were searched on May 24 upon the request of the European Public Prosecutor's Office (EPPO), as part of an investigation on supposed frauds with European funds with prejudices of over 3 million euros, a press release of the European institution informs. EPPO suspects three […]
CFA Romania analysts estimate an economic growth of 2.3pct this year, down from previous forecasts, according to a press release of the organization sent on Thursday."Against the background of the risk aversion triggered by Russia's invasion of Ukraine, as well as high inflation, the anticipation component of the CFA Romania's macroeconomic confidence indicator continued to […]
Romania supports the involvement of the United States of America in the joint efforts aimed at consolidating European defence, Romanian Defence Minister Vasile Dincu said on Thursday, at the U.S. Embassy in Bucharest at an event marking Memorial Day."We are in a turning point of history, in a turbulent and unpredictable security context, when a […]