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.
Bogdan Mircea Petre, one of the lawyers who represented far-right politician Călin Georgescu, is allegedly involved in a case of sexual assault after he was caught in the act during a meeting with a minor, according to Digi24. The “sting operation” was organized by Alex Costandachi, known in the public space as Justițiarul...
Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]
Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu. According to investigators cited by […]
The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive. June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]
After a 2024 marked by adaptation and consolidation, Romanian eCommerce entered 2025 with a more restrained dynamic. According to MerchantPro Compass, the biannual analysis conducted by MerchantPro, a SaaS eCommerce platform supporting over 2,000 active online stores—the first half of this year confirms a paradigm shift: it’s no longer about how much you sell, but […]
The TIFF Unlimited Caravan is hitting the road for the 16th consecutive year, bringing a diverse selection of Romanian and international films to audiences across the country. From July to September 2025, the traveling film series will stop in ten towns and cities, offering outdoor and indoor screenings of comedies, love stories, and family-friendly films. […]
