The Action Plan for the National Circular Economy Strategy has been adopted by the Government in Bucharest, thus fulfilling one of the milestones of the Waste Management Reform of the National Recovery and Resilience Plan (PNRR). According to a press release of the Department for Sustainable Development of the government, the action plan for the National Strategy regarding circular economy presents the vision and the concrete actions on short, medium and long term (2032), the role of the public and private entities, and the public in general as well as the degree of their involvement in the implementation and allows the government of Romania, through the Committee for coordination for circular economy of Romania, to initiate coherent measures to develop good governance and in order to strengthen the basis of the circular economy.The National Circular Economy Strategy identifies seven economic sectors for which the full potential of the circular economy is to be exploited, namely: Agriculture and Forestry; Automotive; Construction; Food and Beverages; Packaging (glass, paper and plastics, etc.); Textiles; Electrical and electronic equipment, batteries and accumulators. To these economic sectors are added Waste and Water, as well as a cross-cutting area dedicated to activities supporting circular economy measures (e.g. promoting responsible consumption and environmental education; developing a digital platform to track and communicate on the implementation of circular economy actions, performance indicators and other relevant information). The development of the Circular Economy Action Plan (CEAP) by the Department for Sustainable Development, in collaboration with the Ministry of Environment, Water and Forests (MMAP) and the Ministry of Economy, Entrepreneurship and Tourism (MEAT) was carried out within the framework of a project funded by the Technical Support Instrument managed by the European Commission's Directorate-General for Structural Reforms - DG Reform. The overall objective of this strategy is closely linked to the Sustainable Development Goals (SDGs) of the UN 2030 Agenda and the global climate targets, as well as the new European Union (EU) targets of the ECAP, in line with the principles and actions promoted under the EU Green Pact.
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
The Romanian government has sent the European Commission a portfolio of projects for the development of the defense industry and the increase of military mobility. The proposals are meant to secure funding through the EU’s Security Action for Europe, or SAFE, initiative. According to the government’s press release, “approximately 70% of the projects...
Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30. The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]
Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]
Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International […]
The Romanian investment fund market has surpassed the threshold of one million investors. Moreover, the net assets of the 248 open-ended and closed-ended funds reached RON 51.8 billion (EUR 10.2 billion) in June, according to data from the Romanian Fund Managers Association, or AAF. Specifically, 1,007,481 people in Romania had money in the local and […]
