Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania to get over 6bln euros worth of...

Romania to get over 6bln euros worth of recovery, resilience funds for digital transformation

May 25, 2022

As much as 21% of the funds under Romania's National Recovery and Resilience Plan (PNRR) is allocated for digital transformation, the equivalent of over 6 billion euros, and as far as public bodies go, we try to bring Romania into the 21st century, senior official with the Ministry of European Investment and Projects (MIPE) Csilla Hegedus told a specialist conference on Tuesday."MIPE is always to blame for PNRR (...) I assume that it is also to blame that 21% of PNRR funds will go for digital transformation and around 40% for green projects. There are many things that MIPE did not necessarily want, but the European Commission did. Negotiating PNRR, good or bad as it is, was a very difficult procedure, because the European Commission has very clear ideas about what should be under our PNRR. We relied on two country reports, 2019-2020, and the needs highlighted there had to be covered by PNRR. If we talk about 21% of PNRR for digital transformation, then we are talking about an amount of over 6 billion euros. There has never been so much money and I don't think it will ever be again for this sector. From my point of view, the money is needed. I hate to queue at the counter, everyone is standing and some lady is giving you a dirty look because you haven't bring a piece of paper again. Not to mention that the online form has to be filed on the 2nd floor, room 23... I hope all this doesn't happen again. MIPE here has the role of a watchdog, so that everyone can do their job. The hard part is shouldered by ministries... And from that point of view we are trying to bring Romania into the 21st century," added Hegedus.According to the MIPE official, the government cloud is the most important among digital transformation projects.Hegedus also said that telemedicine was an acute problem during the COVID-19 pandemic in Romania, and that funds of 470 million euros are expected for the development of this field.Central and local administration officials, government officials, private companies and economic stakeholders attended a conference on Tuesday on opportunities and funding mechanisms under the National Recovery and Resilience Plan (PNRR).  

Read in full - click here
MSCI adds four more Romanian companies to its indices

The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024.   The shares of telecom group Digi Communications (DIGI)...

DP World boosts European trade with EUR 130 mln investment in three new sites in Romania

DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]

CONFIDEX Index: Confidence of Romanian managers and entrepreneurs at highest levels in four years

Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]

BT Property acquires retail park in Romania from Polish group Scallier

Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards.  BT Asset […]

New multimedia platform Attractive Romania promotes 12 cultural routes to explore in the country

Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]

Weekend calendar: Night of Museums, Cinepolitica, RAD Art Fair, AUTOR jewelry fair, World Press Photo, Romanian Creative Week, International Shakespeare Festival and more

It’s a packed agenda this week, with film festivals, art and jewelry fairs, events for foodies, the start of the light and music show at Bucharest’s Unirii fountains, and an anniversary but slimmed-down edition of the Night of Museums. The public in Iași can attend the events of the Romanian Creative Week, while theater fans […]