Negotiations with the European Commission on the revision of the National Recovery and Resilience Plan (PNRR) have been concluded, with additional funding of EUR 1.4 billion included in the REPowerEU chapter, which will be an integral part of the PNRR, Minister of European Investment and Projects Adrian Caciu said on Thursday."Negotiations on the revision of the National Recovery and Resilience Plan have been concluded. Then, Romania's new National Recovery and Resilience Plan is with the European Commission. Why do I say new plan? Because this revised plan includes additional funding of EUR 1.4 billion on the REPowerEU chapter, which will be an integral part of Romania's National Recovery and Resilience Plan. We estimate that this inter-service debate within the Commission will be concluded somewhere around 21-22 November and the approval in ECOFIN (Economic and Financial Affairs Council, editor's note) will take place in early December," Adrian Caciu said at the end of the Government meeting.He explained that National Recovery and Resilience Plans are approved by the Council of Finance Ministers."On 8 or 9 December there will be this ECOFIN. The new National Recovery and Resilience Plan of Romania will no longer include that percentage of 9.4% of GDP for the public pension system," added the Minister of Investment and European Projects.
The National Political Council of Romania's Social Democratic Party (PSD) approved on Tuesday, January 21, the candidacy of former Liberal (PNL) leader Crin Antonescu for the presidency. He is to join the race with the support of PSD, PNL, and the Democratic Alliance of Hungarians (UDMR). The PSD Congress has been scheduled for February 2 […]
Romania celebrates 166 years since the Union of the Romanian Principalities under Alexandru Ioan Cuza on Friday, January 24, which is a national holiday. To mark the special day, the railway passenger carrier CFR Călători will introduce the special Union Train "to carry the national message" from Bucharest to Iași and back. Departing from Bucharest's Gara de […]
More than half of young people in Romania express a desire to emigrate for more than six months to another country, with 8% having a very strong desire, 11% a strong desire, and 32% a moderate desire to emigrate, according to the Youth Study. Southeast Europe 2024 conducted by the Friedrich-Ebert Foundation. The data was […]
Romanian startup .lumen, which has developed glasses enhancing the mobility of the blind and visually impaired, has successfully closed a EUR 5 million investment round led by Catalyst Romania. The investment includes participation from the European Innovation Council (EIC) Fund, Sweden's Tigrim Capital, and a EUR 1 million crowdfunding component facilitated by SeedBlink, raised in […]
Ultranationalist independent candidate Calin Georgescu would mark a clear win in the first round of the presidential elections (38%) but would not significantly improve his score in the second round against the candidate of the ruling coalition Crin Antonescu whom he might defeat with 39% to 38%, according to a poll conducted by Avangarde. The […]
Stanleybet Capital, the holding company overseeing one of the main sports betting and gambling operators in Romania – Game World Group – has announced a public bond offering to raise between EUR 3 and 5 million. The funds will be allocated to marketing and promotion efforts for its online and retail divisions, as well as […]
