Premier Nicolae Ciuca presented, at the League of Local Elected, organized by PNL in Brasov, on Thursday, the governing report for the first half of the year and pointed out that, after 6 months, Romania has the biggest economic growth in EU and over 90 billion euros for Romania's development. The head of the Executive spoke about the National Recovery and Resilience Plan (PNRR) and the fact that “the government has increased the absorption rate of European funds by 7% compared to 6 months ago, while payment estimates communicated to the European Commission already cover the necessary expenses statements for 2022. In his opinion, PNRR represents the essential resource for the country's development. The extension of water and sewerage networks will be made by means f the “Anghel Saligny”National Investment Program, for which 22.5 billion lei has been allocated from the state budget. 2,064 financing requests for projects in the water and sewerage fields are being analyzed,” said premier Ciuca.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
Producer Ada Solomon has been elected chair of the board of the European Film Academy, marking the highest level of representation the Romanian film industry has achieved within the institution. Solomon was chosen by more than 5,400 Academy members across Europe, according to the official announcement. Dutch producer Leontine Petit and French producer Matthieu Darras […]
