In 2022, Romania managed to absorb 11.3 billion euros in European funds, prime minister Nicolae Ciuca declared on Wednesday, adding that it is the highest level reached since our country has access to these funds."We managed to get through all the challenges we had, the challenges that Romanian citizens have felt. (...) We need the same energy and activity from everyone. (...) We had a good budget execution, we managed to fall within the deficit targets," stated Ciuca.According to him, the Government managed to achieve an economic growth "that no one had predicted at the beginning of the year, especially after the outbreak of the war in Ukraine and after the effects produced by the increase in energy and gas prices and the inflation"."There were moments that we managed together, moments for which we found solutions and solved them one by one, but, at the same time, we also managed to design decisions that produce effects over time, which is why it is important to emphasize that we are committed to ensuring the absorption of European funds and all three lines of European financing total approximately 90 billion euros. (...) We managed to fall within the amount that we set as an objective, namely for at least 10 billion to be absorbed per year," explained the prime minister.He recalled that last year Romania undertook to provide the largest amount for investments. "We managed to secure this amount and to spend this money. Although delayed by the increase in the price of construction materials, we finally managed to fit into an absorption process of probably more than 70 percent. We are waiting for the month end figures and we will also announce the nominal value of investment expenditures," added Ciuca.
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
Four young women, students at the Technical University of Cluj-Napoca, have invented a bracelet that converts music into vibrations. This gadget, named the Rhythm Touch bracelet, is designed to give people with hearing impairments the experience of concerts. "The wearer can dance, feeling the music, even though they can't hear it," the inventors told Cluj24.ro. […]
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
