On Wednesday, the European Parliament approved nearly EUR 455 million in EU Solidarity Fund aid in response to recent natural disasters in Romania, Italy and Turkey.According to a press statement released by the European Parliament on Wednesday, Romania will get EUR 33.9 million following damage caused by severe 2022 drought; Italy will get EUR 20.9 million for the damage caused by the September 2022 flooding in the Marche region, and Turkey will receive EUR 400 million following two major earthquakes in February 2023.MEPs express their "deepest solidarity with all the victims, their families and all the individuals affected" by the natural disasters in Romania, Italy and Turkey. They point to the "increasing number of severe and destructive natural disasters in Europe," and stress that "due to climate change extreme weather events such as those observed in Romania and Italy resulting in emergencies are going to further intensify and multiply." The EU should therefore "strengthen its efforts to tackle climate change both in the Union and globally."The European Commission has proposed to use the European Union Solidarity Fund (EUSF) to grant financial assistance of EUR 454,835,030to the three countries. EUSF assistance will cover parts of the costs of emergency and recovery operations like repairing damaged infrastructure, securing preventive infrastructure and the protection of cultural heritage, as well as clean-up operationsUnder the fund's rules, emergency and recovery operations may be financed by the EUSF retroactively from day one of a disaster.The aid package was approved by 593 votes in favour, 11 votes against and 22 abstentions. The European Council has already approved the aid on 18 September.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
