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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
