The ministry of finances, Adrian Caciu, signed on Friday the agreement for a loan through the Mechanism of Recovery and Resilience signed between the European Commission and Romania, worth approximately 15 billion euro, money to be used for the financing of the state budget deficit and for the refinancing of the governmental public debt on the basis of budgetary expenses made for the reforms included in the National Plan for Recovery and Resilience (PNRR). ‘The loan will be used for the financing of the state budget deficit and for the refinancing of the governmental public debt on the basis of the bugetary expenses made for the reforms included in the National Plan for recovery and resilence (PNRR). The sums will be available in ten installments, on the basis of implementation by the Romanian party of the targets included in the reforms and investments associated with the loan’ announces the ministry of finances on Saturday. At the same time, the European Commission will make available a part of 13% from the loan (almost 1.94 euro) after the coming into force of the agreement. ‘We made an important step so that Romania receives the first part of money through the Mechanism of Recovery and Resilience. It is about approximately 15 billion euro for the budgetary expenses necessary for the reforms and investments included in PNRR.Now, the ministry of finances is going to sign an agreement with the ministry of investments and European projects through which the rights and obligations of the parties to implement the provisions of the Agreement for the loan, including the monitorisation of reaching the targets and the drawing up the reports required by the European Commission’ Adrian Caciu, minister of finances said. The period of the availability of the loan is 31st December 2026. Every draw, including prefinancing will have maturity of 30 years since the date of availability, out of which a period of grace of ten years. Reimbursement will be made in equal installment during the period to maturity. Romania benefits through PNRR from approximately 29.18 billion euro, out of which 14,24 billion euro grant and the rest is a loan.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
