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.
Romania's power transport and grid operator Transelectrica (BVB: TEL) announced that it has registered with the Trade Register the Joint Venture GECO Power Company - Green Energy Corridor Power Company, a limited liability company based in Romania, which will implement the Green Corridor project supposed to bring green energy from Azerbaijan. The project, estimated to […]
The yields of Romania's long-term (10-year) bonds on the secondary market eased by 41 basis points (bp) w/w to 7.61/7.36 (bid/ask) on January 31, to the lowest levels since January 9. The government drafting a budget planning in line with the fiscal consolidation plan, without supplementary tax hikes, apparently improved investors' sentiment. However, the borrowing […]
The general government budget deficit is likely to reach 7.7% of GDP in 2025 (cash terms), 0.7 percentage points (pp) above the government's target of 7% of GDP, according to projections drafted by the Fiscal Council (CF) in its preliminary opinion on the budget planning endorsed by the executive on February 1. "The 7% deficit […]
The collection of gold and silver artifacts from 18 local museums has returned to Romania after being displayed in the exhibition Dacia! Empire of Gold and Silver hosted by the Drents Museum in Assen, the Netherlands. The exhibition, which ran from July 7, 2024, to January 26, 2025, attracted 84,336 visitors, marking three decades since […]
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
