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.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
