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.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
