The lowest absorbtion target of European funds for 2024 is 10 billion euros, a target found in the state budget, which means the budget of the Investment and European Projects Ministry (MIPE), said minister Adrian Caciu at a press conference. “We have already made appeals for the 2021-2027 exercise. 18 billion euros have already been launched. Until the end of the year we will launf up to 21 billion euros. These appeals will produce expenses and financing in 2024. In the first half of the year 2024, we will launch appeals of up to 49 billion euros, which will also start producing European expenses and financing in the second part of the year. In other words, 10 billion euros are the lowest absorbtion target for 2024, a target which will be found in the state budget, which means the MIPE budget. It is a target which represents maintaining an average introduced as of 2022,”Caciu said at the conference “Romania's budget and financing in 2024: what should economy expect?” organized by Ruling Course. The Investment minister pointed out that Romania's absorbtion average was 4.5-5 billion euros following accession, while in 2022 the average was over 10 billion euros per year. “We cautiously propose 10 billion euros in 2024, without adding money from the National Recovery and Resilience Plan (PNRR) , which is now a sort of buffer for Romania. That is how PNRR was built, at first we get more money to be used while investments are in execution not implementation. Out of 9.1 billions Romania has at its disposal, my estimate is that 4-4.5 billions will be used in 2024. Obviously, besides that we will receive the money for payment request number three and we will make efforts to have request number four until the end of the year,”said Adrian Caciu. According to him, besides PNRR there will also be REPowerEU plan, where financing of 1,4 billion euros was introduced. “According to REPowerEU mechanisms, in 2024, at least 40% of this amount should be used. Here we have two important measures for the people, referring to the energy sufficiency of households and photovoltaic panneld and batteries.We will have dual measures. We discussed at government level too about the new outlook on renewable energy,” the minister added. He mentioned that Romania had invested a lot and consumers invested only in pannels. “We do not have storage capacities and the state must come up with a series of programs in which, when you set up photovoltaic pannels you should also have your own storage capacity and not becoem somewhat aggressive towards the market, in case you have extra production, but to be able to store and use your own production,” Caciu added.
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
The well-known Romanian car brand Dacia announced the launch of the Duster Pick-Up, a utility vehicle with four seats and a capacity to transport up to 430 kg in the cargo space, on Wednesday, September 17. The car model is available in two engine versions, Hybrid 140 and Mild-hybrid 130 4×4, and has a starting […]
Romanian wrestler Ana Andreea Beatrice, 25, won bronze in the 55-kilogram category at the World Wrestling Championship in Zagreb. The Romanian bested Cuba’s Sanz Verdecia Yaynelis, 6-3, in an emotional match, to earn the medal. To get to the bronze, Ana Andreea Beatrice beat China’s Xuejing Liang in the preliminaries and the US wrestler Cristelle […]
