Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania planning EUR 13.8 bln worth of calls...

Romania planning EUR 13.8 bln worth of calls for projects, largest such amount in 14 years

May 22, 2022

Minister of European Investments and Projects Marcel Bolos will clarify this week in Brussels several aspects related to the more than 13.8 billion euro worth of calls for projects that will be launched in the next period, the largest such amount in the last 14 years, according to the cited official."The mission of our delegation to Brussels is to clarify the steps we are taking during this period as regards the milestones in the second quarter of 2022. It is a more complicated quarter in terms of the milestones we have to check, because out of 69 calls for projects throughout 2022, 58 are due in the second quarter. This means that the European Commission must check them and the applicant's guide, as per the NRRP, has to go through our and the EC's approval filter," Bolos explained at the end of Monday's government meeting.According to the Minister, some of these calls also involve state aid schemes, which is why the applicant's guidelines will be sent to the European Commission for approval."For us not to get stalled in this project call launch, we prefer to have a discussion with the EC to let them know that in the next period, most probably in May and June, we will send the applicant's guidelines to the Commission for approval, as we are also seeking to correlate with them, because this is about 13.8 billion euros we are putting up for grabs in this application procedure - the largest allocation for project calls we've had in 14 years since we manage European funds," Marcel Bolos underscored.Prime Minister Nicolae Ciuca announced today that Marcel Bolos will travel to Brussels this week for talks on the National Recovery and Resilience Plan, stating also that the NRRP Interministerial Coordinating Committee had a meeting on Monday to analyze the stage of the implementation of the pledged milestones and targets."This was a great opportunity to identify both our achievements and what we have to do next. A delegation led by Minister Bolos will go to Brussels this week to clarify all elements enabling us, as we have pledged, to start the 58 out of 69 calls in our portfolio by the end of June. The mechanisms and procedures are in place for us to be able to access these funds, which, as I said, are a great opportunity for us to continue to grow as our citizens expect us to," Ciuca declared at the beginning of the government meeting. 

The text of this article has been partially taken from the publication:
Read in full - click here

  Fondul Proprietatea (hereinafter “The Fund”) published today its financial results for the first three months ended on 31 March 2022 and would like to share the following highlights:   The Fund’s share price registered a strong performance in the first three months reaching a price of RON 2.11 at 31 March 2022, a record […]

Romania’s economy grows 6.5% in first quarter, but pace may not last

Romania’s economy posted a surprising 6.5% growth rate in the first quarter, but economists predict a significant slowdown for the rest of the year, euractiv.com reads. Romania’s GDP grew 6.5% in the first quarter of 2022 compared with the same period of 2021, the statistics institute said in a flash estimate Tuesday (17 May).   […]

Euroins Romania: The time to pay for car repairs continues to be fast: 5 days is the average compensation time

  Euroins Romania Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties   On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster […]

Current arrears up by RON 12 billion in first four months of 2022

Current arrears increased by RON 12 billion in the first four months of this year, the president of the National Tax Administration Agency (ANAF), Lucian Ovidiu Heius, told on Friday a press conference, mentioning that he will send inspectors to companies to find out what is going on."I noticed a phenomenon in the first four […]

 iBanFirst analysis: The RON’s unusual stability is likely to continue throughout all this year

  Romania is in a very unusual situation. The country is having the most stable exchange rate against the EUR this year compared with CEE peers, the lowest key rate at 3.75 % while running large twin deficits.   This is likely to continue all this year, according to the most recent forecast by the […]

The internal flows of companies in the financial-banking industry can be affected by the rapid pace of legislative novelties

The internal flows of the companies in the financial-banking industry may be affected by the rapid pace of the legislative novelties, the growth of the number of fiscal reports, digitization of the fiscal administrations, and the intensification of the exchange of information between the Romanian fiscal authorities and those of other countries, said the specialists […]