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.
Dracula Film Festival, Romania’s leading showcase for fantasy and horror cinema, returns this fall with its 13th edition, bringing national premieres of international productions and a wide array of competitions for filmmakers. Running from October 29 to November 2 in Brașov, the event will feature ten feature films and more than 30 short films. The […]
Bucharest has unveiled its first centralized map of museums and memorial houses, a project designed to bring the city’s cultural heritage closer to the public and encourage museum visits as part of everyday life, ARCUB announced. The map, available both in print and online, was recently launched at ARCUB – Hanul Gabroveni in the presence […]
Former presidential candidate Călin Georgescu suggested that he will return to public life at some point in the future during an interview on Monday, September 29. The far-right, pro-Russian politician withdrew from politics in May of this year, after the presidential elections were won by pro-European centrist Nicusor Dan. Back then, Georgescu said he wished […]
Romania’s Financial Supervisory Authority (ASF) has decided to prohibit DallBogg Life and Health AD, the largest Bulgarian insurer, from underwriting new insurance contracts on the territory of Romania starting October 1, 2025, Profit.ro reported. The company’s activity had previously...
The technology and engineering group Simtel (BVB: SMTL) announced the signing of a contract worth approximately RON 217 million (EUR 43 million, excluding VAT) with HEPA Energy, owned by an Israeli company. The contract covers the design, construction, and commissioning of a photovoltaic park with an installed capacity of approximately 68 MWp and a BESS […]
Targeting high-income buyers, in recent years the area has become the driving force behind Bucharest’s residential growth. Over the past decade, the Fabrica de Glucoză–Lacul Tei corridor has transformed from open fields into a dynamic residential hub, catering especially to high-income buyers. The area has become the main growth engine of the northern Bucharest residential […]
