Over 207 million euro will be invested in the development of the regions on the two sides of the Bulgaria-Romania border in the 2021-2027 period under the Interreg VI-A programme between the two countries. This transpired in remarks by Deputy Regional Development Minister Delyana Ivanova as she chaired an online meeting of the joint working group for strategic planning for the programme, BTA informs.The meeting approved the final version of the programme before submitting it for approval to the European Commission.Among the key priorities are environmental protection, climate change, improving connectivity by developing the rail networks and navigation on the Danube, tourism and financial support for small and mid-sized businesses.The biggest share of the programme funding, close to 93 million euro, will go towards Green Deal activities.The strategic investment and calls to proposals will seek to attract projects between the two countries for preventing disasters, building green infrastructure and reducing pollution in the settlements on the Danube.Over 70 million euro will be invested in an integrated strategy for supporting the local communities in the border regions to define their own investment priorities in tourism and related sectors. Among the strategic priorities here is completing the Eurovello route in Bulgaria and Romania.Funding will also be available for improving the competitiveness of micro-, small and medium-sized businesses as they deal with the aftermath of the COVID crisis.Deputy Minister Ivanova believes that if work on the programme makes good progress, investment in the region can start before the end of 2022.
The Grand Chamber of the European Court of Human Rights (ECHR) on December 15 ruled in favor of judge Cristi Danileţ in his case against Romania and ruled that the Romanian authorities had violated Article 10 of the European Convention on Human Rights that guarantees freedom of expression, which includes the right to hold opinions […]
Romanian car battery producer Rombat SA has been fined a total of EUR 20.2 million by the European Commission for breaching European Union competition rules, the Commission said in a decision announced on December 15. Rombat is a subsidiary of the South African automotive components group Metair. The Commission found that Rombat participated in anti-competitive […]
Romania’s industrial output rose by 0.3% y/y in October, despite a negative performance (-0.3% y/y) in the core manufacturing segment, thanks to a robust 6.6% y/y advance in the segment of utilities, according to data published by the statistics office INS. On a monthly basis, the seasonally-adjusted industrial output advanced by 0.4% m/m despite 0.5% […]
Romania’s gross external debt increased by EUR 22 billion in the first ten months of 2025 to reach EUR 225.5 billion at the end of October, equivalent to 61% of gross domestic product (GDP), according to data published by the National Bank (BNR). Long-term liabilities accounted for 78.7% of the total stock. BNR data showed […]
Romania’s current account (CA) deficit widened by 1.9% y/y to EUR 3.19 billion in October 2025, bringing the deficit in the rolling 12-month period to EUR 29.8 billion – up 9.5% y/y and at 8.2% of the GDP, according to data published by the National Bank (BNR). The CA-to-GDP ratio was 8.2% for the previous […]
Wizz Air officially reopened its base in Suceava, northeastern Romania, on Monday, December 15, marking a key step in its local expansion. With the allocation of two next-generation Airbus A321neo aircraft, the airline now operates a total of 41 aircraft in Romania, with two additional planes already announced for 2026. The reopening coincides with the […]
