The Ministry of Finance has financed seven investment projects for the three companies of the Renault Group, with a total value of over 2.242 billion RON, which generate 1,478 new jobs, and the state aid granted is worth a maximum of 644.55 million RON, informs the institution through a press release.According to the cited source, the projects generate direct contributions to regional development through the payment of fees and taxes of over 1.247 billion RON. Currently, five investment projects with a total value of 1.438 billion RON have been completed, which generated a number of 1.178 jobs, and the state aid granted is 436 million RON.Minister of Finance Marcel Bolos paid a working visit on Tuesday to the Titu Technical Center of the Renault Group, one of the company's most important research and development platforms in Europe."We must always be attentive to the needs of the business milieu and to concrete measures that generate progress. In this sense, we gave them good news. After discussions with ACAROM, CONCORDIA, AHK and CCIFER, we prepared a normative act by which we propose a measure of support for this strategic area, by applying the tax deduction for research and development expenses, starting in 2024, and for companies that pay the minimum turnover tax. I hope that the project will be approved at the level of the governing coalition reach the Government as soon as possible", mentioned Marcel Bolos, quoted in the press release.The minister of finance discussed with the management team of the Renault Group about the situation of the automotive industry and about the future investment projects of Renault in Romania, on the occasion of which the need for additional measures to stimulate the research and development sector, for the industries that develop technologies, were pointed out new and contribute to the country's competitiveness."Dacia-Renault is an example of good practices and an important investor in the Romanian economy. One of the principles that guide me, as minister of finance, is that large-scale investments in the economy generate, in addition to jobs, the development to a very important sector, a multiplier effect for regional development", Bolos emphasized.During the meeting, Marcel Bolos reiterated the Government's wish to create a favorable environment for business development and for attracting new investments, both through balanced fiscal policies and by supporting innovation and digitization.The visit also included a presentation of the latest technological innovations and research projects under development at the Titu Technical Center.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
