Romania risks disengagements of over 500 million lei (112 million euro) for projects in the energy sector financed with European funds, in the financial exercise 2007 – 2013 due to the fact that they will not be finalised until 31 December 2015 according to the minister of energy Victor Grigorescu. ‘I regret the fact that we are among the institutions which, unfortunately, risk disengagement of European funds, we speak about funds worth over 500 million lei. The reason for which we risk – I said we risk – as we make all efforts to limit this risk- but the risk comes from the fact that the projects financed risk not being put to value until 31 December 2015. I am convinced that a better evaluation of the situation would have allowed the identification of better measures and the growth of the level of absorption with certainty. 500 million lei is a good sum’ stated Grigorescu on Friday in a press conference. He said that he discussed on this issue with the minister of European funds. ‘Unfortunately, the money is destined, mainly, to the local public authorities. It makes even more worrying and sadder’ Grigorescu said. Premier Dacian Ciolos stated in the parliament, when he swore in, that Romania has many delays to draw the European funds from the previous period, the financial exercise 2007 – 2013 with a rest of 30% of the total of funds, and the present government will not make wonders to avoid ‘ a total disengagement’.
The first edition of the event "Energy for Romania ”, organized by the Electrica Group and the Electrica Foundation, took place at Hala Filaret, the site of the first power plant in Bucharest. It brought together over 150 participants, including representatives from the public authorities, leaders from the energy sector, the capital market, academia, and […]
Andrei Găluț, the lead singer of the band Goodbye to Gravity, which was on stage when the fire broke out in the Colectiv club on October 2015, launched a new project honoring the victims of the tragedies that have marked Romania over the past decade. The Memento Project, created as a charitable project together with […]
71% of people worldwide support Deposit Return Schemes (DRS), with trust at record highs, paving the way for circular systems that keep infinitely recyclable materials like drink cans in the loop. ● Romania is among the fastest DRS adopters, with 9 in 10 people participating and 77% supporting the system. ● 71% of Romanians feel […]
Romania’s construction sector accounted for almost 8% of GDP over the past four quarters, the highest share across the entire European Union, according to Eurostat data analysed by investment company Colliers. This level is well above the EU-27 average of 5%. Moreover, Romania recorded the second-fastest post-pandemic growth in construction activity within the European Union, according […]
Romanian women who went abroad to work found it disproportionately harder to find work in their country compared to the men, according to data from a European study conducted by Save the Children Romania. Parents in the study sample have been abroad for an average of six years, both mothers and fathers, and 67% of […]
Bucharest’s ARCUB Cultural Center will open The Art of the Game (TAG) on November 8 - a large-scale cultural event dedicated to video games and related arts. Curated by Elvira Lupșa, the four-month exhibition and event series will run until March 1, 2026, at ARCUB - Hanul Gabroveni, featuring workshops, talks and multimedia performances. The […]
