Romania has so far collected funds under the Cohesion Policy in the amount of 23.84 billion euros, in the financial exercise 2014-2020, and has reached an absorption rate of 99.1% , informs the Minister of Investments and European Projects, Adrian Caciu, in a post published on Wednesday on his Facebook page."Romania has so far collected funds from the Cohesion Policy in the amount of 23.84 billion euros in the financial exercise 2014-2020, reaching a degree of absorption of 99.1%. I took over the absorption of funds at a level of 74%, when I became the Minister of Investments and European Projects. When the PSD (Social Democratic Party) was at the government, the absorption rate was 51.3 per cent, which means a progress of 47.8 percentage points (that is half of the free money that Romania had allocated, but which stayed in Brussels back then) in European money, but especially thousands of projects that have been financed and contributed to the development of our country, that have been carried out in these 2 years and 8 months. I continue to believe that, beyond the political agitation between the two parties that govern Romania today, the key ministers from the two governments from the period November 2021 - present have done their job and worked in the interest of the Romanians," said Caciu.The official added that Romania's priority now will be represented by the financial exercise 2021 - 2027, within which there are already contracts signed worth more than 17.5 billion euros.
MedLife achieved a Pro forma consolidated turnover of RON 2.76 billion in 2024, up 25% compared to 2023, moreover, recording in the last five years increases in turnover of over 20%. Despite the growth and consolidation of its leading position, the company navigated cautiously last year, taking into account the increase in debt and the […]
At Café Athenée, a timeless noble tradition comes to life with the Afternoon Tea Experience, now available every day from 3:00 to 6:00 PM, upon reservations made at least 24 hours in advance. Guests can indulge in a selection of finely crafted pastries, delicate finger sandwiches and premium teas, curated to create a truly elegant […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, posts solid preliminary results for 2024 – a consolidated turnover of RON 412 million (EUR 83 mln), 2% above the revenue and expense budget revised in Q3 2024, EBITDA of RON 60 million (EUR 12 mln), +11% compared to the […]
A new study by Go Voyager has ranked Romania as the most dangerous country in the European Union (EU) to rent a car, mainly due to its poor road infrastructure, which translates into higher risks of getting into a car accident. On the opposite end, France ranks as the best country for car rentals due to […]
Accelerated growth of BCR's business in 2024. An 11% increase in net assets, a 19.2% rise in net profit, 15.6% higher operating revenues, and a 19.3% growth in operating result, all driven by a significantly higher business volume with clients. Financing the economy. Over 6,500 companies, supporting approximately 280,000 jobs, were financed by BCR in […]
Romanian police announced they recovered a stolen bronze statue by French sculptor Emile-Antoine Bourdelle, valued at approximately EUR 15,000. The artwork was taken from France in 2018 and surfaced in Constanța, where officers from the Criminal Investigations Directorate intercepted an attempt to sell it. On February 27, 2025, acting on intelligence...
