Romania submitted on Friday a request to the European Commission to amend its National Recovery and Resilience Plan (PNRR) and to add a new chapter on REPowerEU, which aims to strengthen the Union's strategic autonomy by diversifying energy supply and increasing the EU's independence and security of energy supply.According to a press release from the EU executive, the chapter on REPowerEU proposed by Romania covers two new reforms and six new investments, as well as a reinforced measure already in the plan. The reforms and investments in this chapter are related to increasing green energy production, improving the energy efficiency of buildings and strengthening the skills of the green energy workforce.The amendment to the plan proposed by Romania foresees the removal of four investments from the initial plan and the modification of about 70 measures.Romania's request to amend its plan is based on the need to take account of high inflation in 2022, supply chain disruptions and the downward revision of its maximum grant allocation under the Recovery and Resilience Mechanism (RRM) from EUR 14.2 billion to EUR 12.1 billion. This revision is part of the June 2022 update of the RRM grant allocation key and reflects Romania's comparatively better economic performance in 2020 and 2021 compared to the initial forecast.Romania has requested the transfer of its share of the Brexit adjustment reserve, amounting to EUR 43.2 million, to the NRRP. Together with the grants provided to Romania through the RRM and REPowerEU (EUR 12.1 billion and EUR 1.4 billion respectively) and the RRM loans already committed under the original plan (EUR 14.9 billion), these funds bring the value of the amended plan presented to almost EUR 28.5 billion.The Commission will now assess whether the amended plan continues to meet all the assessment criteria set out in the RRM Regulation.If the Commission's assessment is positive, the EC will present a proposal to amend the Council Implementing Decision to take account of the changes to the Romanian plan.Member states will then have four weeks to approve the Commission's assessment.
The Bucharest Tribunal ruled last Friday, April 26, that the trial of Andrew Tate and his brother Tristan could start. The two are accused of forming an organized criminal group, human trafficking, and rape. The preliminary chamber judge found the legality of the indictment and rejected several requests and exceptions formulated by the lawyers of […]
During a major event that brought together national and international medical professionals, Siemens Healthineers announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology designed to improve diagnostic capabilities and increase efficiency in patient care. Dominik Panwinkler, MR Business Manager CEECA at Siemens Healthineers, highlighted some of the advantages […]
The demand for skilled and unskilled workers is 10%-20% lower than it was last year, the experts are less inclined to change their jobs, and the contraction in the IT market already visible in the UK and western Europe is reaching Romania to some extent, according to Alexandra Peligrad, CEO of Smartree human resources company. […]
Sorina Pintea, former Social Democrat (PSD) member of the Parliament (2016-2017) and later minister of health (2018-2019), was sentenced to 3 years and six months of jail with execution for bribe-taking by a ruling given by Cluj Court on April 26. The decision is not final and can be appealed,
Banca Transilvania, OTP Bank, and Exim Banca Romaneasca won in court against the consumer protection body ANPC on the loan repayment formula, bringing to five the number of financial institutions that invalidated ANPC’s decisions, Profit.ro...
BayWa RE Romania, the Romanian subsidiary of the renewable energy division of the conglomerate of agricultural cooperative associations BayWa from Germany, plans to build its first photovoltaic park in Romania starting next year, according to
