Romania receives 260 million euros from the European Commission for three infrastructure projects, according to a statement by MEP Adina Valean, former European Commissioner for Transport. A first project that received funding is Fast Danube 2, which will improve the navigability conditions on the common Danube sector of Romania and Bulgaria. The project was submitted by the Autonomous Directorate of the Lower Danube River Administration Galati, and the exact amount of funding is 195,499,818 euros. “The Danube was a priority in my mandate as transport commissioner and I am glad that a project that has been in the works for many years, Fast Danube 2, has finally been successfully submitted and financed by the European Commission with almost 200 million euros. Completion of this project would ensure a minimum period of 340 days per year of navigability. Improving navigability on the Danube is more necessary than ever, taking into account the new geopolitical realities in Eastern Europe”, said Adina Valean, quoted in the press release. According to a second project, the sum of 45 million euros was granted for the rehabilitation of the Valea Calugareasca – Buzau railway. “Another project financed in this last call for projects from the funds of the Mechanism for the Interconnection of Europe is the rehabilitation of the railway Valea Calugareasca – Buzau. The amount granted is 45 million euros,” Valean said. The third project is the one through which Romania, together with the Republic of Moldova and Ukraine, receives almost 14 million euros for the improvement of the infrastructure at the Galati, Giurgiulesti, Reni customs. The European Commission selected 134 transport projects in this call for projects, from 408 applications, most of them being railway and navigable waterways projects.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
