The West Regional Development Agency (ADR Vest) has invested this year more than 100 million EUR in the West Region, which represents an absorption rate of almost 9% of the 1.16 billion EUR budget of the West Regional Program.The percentage is double the average of the regional programs (4.37%) and exceeds the national average of 5.49%."The results obtained in 2024 demonstrate our commitment to making the most of the opportunities offered by European funds. With the projects for which we have signed financing contracts, some of which have already started, we have created a solid foundation for the future. In 2025, we aim to accelerate regional development with an increased focus on innovation and digitalization. We will launch new initiatives, including business accelerators, that will support entrepreneurs and companies in the West Region to innovate, digitize and compete globally. It is a strategic direction through which we aim not only to attract funds, but also to create a more resilient economy and more connected to the challenges of the future," said the Director General of West Regional Development Agency, Sorin Maxim, in a press release sent on Monday.So far, 63 calls have been launched under the West Regional Operational Program, worth almost 860 million EUR, with 200 financing contracts signed this year alone, and a total value of half a billion EUR. Other projects worth more than 200 million EUR are in the evaluation phase.By the end of 2024, the West Regional Development Agency will launch two more calls for the modernization and equipment of schools, high schools and kindergartens.More than 90 million EUR, European money, will be invested in pre-university education in the region, and another 21 million EUR will go to university projects.In 2025, calls worth a total of 300 million EUR are scheduled to be launched, with the bulk of the money going into research, development, innovation and skills (123 million EUR).According to the mentioned release, for West Regional Development Agency, 2025 will be the year of digitalization. The following year is scheduled for the launch of the financial instrument for business acceleration and Venture Capital. In addition, a solid basis for the future Regional Innovation Agency has been created by signing a memorandum of understanding with Luxinnovation, the Luxembourg National Innovation Agency, which will ensure the knowledge transfer necessary for its creation and consolidation.
2024 is almost over, and before making any predictions, hopes or wishes for 2025, I will take this moment to look back and remember the pics that stayed with me most in the past months. I will try to go in the order that I watched each, and I also included all trailers below […]
Update: The government will pass the ordinance covering measures aimed at reducing public spending and the budget deficit, prime minister Marcel Ciolacu announced. The PM said the country was facing “a difficult year ahead” and “we must quickly adopt measures that will protect Romania from possible major financial risks.” The tax on special constructions, which […]
The Government is scheduled to meet on Monday, December 30, to discuss the emergency ordinance covering measures aimed at reducing public spending and the budget deficit. The Ministry of Finance published the draft ordinance on Sunday, December 29. It is available here. Among the measures included in the draft ordinance, also known as "the austerity […]
Romania’s Ministry of Finance (MF) raised RON 2.6 billion (EUR 523.1 million) through its sixth Fidelis government bond issuance of 2024, setting an annual record of RON 16.4 billion...
UniCredit Bank, one of Romania's leading financial institutions and a member of the UniCredit Group, has announced the listing of a new corporate bond issue worth RON 750 million (EUR 150 mln) on the Bucharest Stock Exchange (BVB). The bonds, issued under the ticker symbol UCB29, are set to mature on November 22, 2029. The […]
Another cinema that once belonged to the state-owned film distribution company RADEF has been refurbished and is scheduled to open in Timișoara in early 2025. The cinema is named Johnny, a nod to actor Johnny Weissmüller, known for playing Tarzan in twelve feature films from 1932 to 1948. Weissmüller was born in Freidorf, a village […]
