The Commission has granted €2 billion to Italy, Spain, Luxembourg and Romania following the modification of two European Regional Development Fund, one European Social Fund (ESF) and one Fund for European Aid to the Most Deprived Operational Programmes (OP) under the Recovery Assistance for Cohesion and the Territories in Europe (REACT-EU). In Italy, the national OP ‘Governance and Institutional Capacity' will receive a total of €1.2 billion. Of this sum, €761 million will go towards buying 68 million doses of vaccines against the coronavirus. In the Southern regions, authorities will use €374 million to hire new public healthcare workers and cover the costs of extra hours worked by workers currently in the system. €108 million will help strengthen the administrative capacity of national and regional authorities, including in the healthcare system. In Spain, ‘Comunidad Valenciana' will receive additional resources of €690 million to provide, amongst others, working capital to the most affected Small and Medium-sized Enterprises, and to reinforce health, social services and investments in basic infrastructure for citizens, including in the health and education sectors. Luxembourg will receive €69 million to support large-scale coronavirus testing and the acquisition of vaccines, and investments in sustainability such as the electrification of the national bus network. In Romania, €56 million will be invested to provide material support for disadvantaged groups, such as hot meals, assistance to disadvantaged children with school supplies and to disadvantaged mothers with essential kits for their newborn babies. REACT-EU is part of NextGenerationEU and provides €50.6 billion additional funding (in current prices) over the course of 2021 and 2022 to Cohesion Policy programmes.
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, reports consolidated turnover of 306.2 million lei as of September 30, 2024, with an EBITDA of 43.4 million lei and a net profit of 16.1 million lei. “If at the end of 2023 we anticipated potential stagnation in the automotive...
KingsRock Advisors, the global independent financial advisory firm, said it is expanding its European Union operations by opening an office in Stockholm and appointing top bankers to develop its EU business. Mihai Ionescu, former CEO of Deutche Bank Romania, will coordinate KingsRock’s Eastern European operations from Bucharest. With a long career in investment banking, Ionescu […]
