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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
