The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
The government approved on Thursday the state aid scheme from which investment in the economy will benefit, the initial value of which will be at least 1 million euros, Prime Minister Nicolae Ciuca said."Therefore, we continue to develop all the regulatory elements, to take all the necessary measures at the level of the Government, so that these measures enter into force as soon as possible and produce effects as we have assumed," Ciuca said at the beginning of the Government meeting.This package of measures has a value of EUR 200 million."What I think is very important to emphasize is that it brings some elements of novelty, in the sense that we want through these measures to produce a multiplier effect in the Romanian economy, to have added value as high as possible. And, in this way, we consider it very important to focus on what the processing industry, constructions, informatics and communications, HORECA (hospitality industry, ed. n.) and, last but not least, investments in health and social assistance mean," Ciuca explained.The prime minister said that, since last year, the number of applications for funding for this aid scheme has steadily increased."This year, 50 financing have already been issued out of the total of 144 that are at the Ministry of Finance and these are for companies that are part of the automotive industry, aeronautics, food industry, home appliances, pharmaceuticals and, last but not least, of construction materials," Prime Minister Ciuca said.
The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Electrical cable manufacturer ELECTROPLAST is carrying out an investment project estimated at over EUR 9 million for modernizing the production unit and expanding its facilities. This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint. ELECTROPLAST is participating in the modernization of Romania's railway infrastructure. The company recently contracted...
Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique […]
The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth […]
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]