The Ministry of European Investments and Projects (MIPE) announced on Thursday, that in October it sent documents for the return of European funds of 928 million euros, as part of 2014-2020 operational programs. According to a press release of the ministry, issued on Thursday, the highest amounts requested for return were for the Regional Operational Program -342.5 million euros, Bif Infratsructure Operationa; Program – about 371 million euros and Human Capital Operational Program – about 138 million euros. Other programs for which returns were requested are: Operational Program for Aid of Disadvantaged People – 28.1 million euros. Competitiveness Operational Program (24.4 million euros), Administrative Capacity Operational Program (13 million euros) and Technical Assistance Operational Program (11.4 million euros). Documents were sent to the Finance Ministry, to be sent to the European Commission after certification, the source pointed out. The amounts requested for return represent eligible expenses made from European funds within financed projects. MIPE mentioned that in September 2023 it sent documents for the return of 900 million euros.At present, the amounts requested for return by the European Commission amunted to 20.2 billion euros, representing an absorbtion of 82.4% of allocated funds. After processing the documents recently sent by MIPE, the value requested for return will amount to 21.16 billion euros, with an absorbtion rate of 86%.
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
Real estate investor-developer Hagag Development Europe said that it took over the Obor Est Residence residential project located in eastern Bucharest, on the former Izolatorul industrial platform, and relaunched it under the Hagag brand. Reintroduced on the market as H East Residence, the project is currently under development on a land plot surpassing 17,500 sqm […]
30 April 2024 marks the formal completion of the CounteR Project – Countering radicalisation for a safer world: privacy-first situational awareness platform for violent terrorism and crime prediction, counter radicalisation, and citizen protection. The project’s most significant achievement is
