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.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
