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Government updates investment value for Magurele laser
Friday, December 13, 2024
The government updated on Thursday the total value of the investment for the Magurele laser Extreme Light Infrastructure – Nuclear Physics (ELI-NP) which reached 2.18 billion lei, according to the Executive spokesman Mihai Constantin. The implementation of the project is carried out in two stages. The first stage – 2012-2015, was successfully completed , while the second stage is going on ...
2.1 billion RON allocated for projects under PNDL, Anghel Saligny, PNRR and CNI
Friday, December 13, 2024
The Government decided on Thursday to allocate 2,175,000,000 RON to finance projects under the National Local Development Programme, the Anghel Saligny National Investment Programme or the National Recovery and Resilience Plan.The money comes from the Budget Reserve Fund available to the Government for the year 2024, according to a press release issued by the Ministry of Development, Public Works and Administration.Thus, 1,435,000,000 RON will be ...
Financing agreement with EIF worth 106.7 million EUR for Innovation Romania Programme
Friday, December 13, 2024
The Ministry of European Investments and Projects (MIPE) announces the signing of a new financing agreement with the European Investment Fund (EIF) for the launch of the Innovation Romania Programme, with a total funding of 106.7 million EUR.According to a press release of the relevant ministry sent on Thursday, the programme is supported by Smart Growth, Digitization and Financial Instruments Programme 2021-2027 (PoCIDIF), from European Structural and ...
Average net salary in October reaches 5,268 lei, up 40 lei
Friday, December 13, 2024
The average net salary in October was 5,268 lei, an increase of 40 lei (+0.8%) compared to September 2024, and compared to October of the previous year, the average net salary rose by 12.3%, according to data published the National Institute of Statistics (INS) on Thursday.In October 2024, the average gross salary was 8,612 lei, 59 lei (+0.7%) higher than in September 2024.The highest average net salaries were recorded in information technology ...
Spark Foundry Report: Shifting Trends in Social Media, Streaming, and the Rise of confidence in TV News in Romania
Friday, December 13, 2024
The latest edition of the Romanians New Media Adoption report, conducted by Spark Foundry’s Data Intelligence team, a media agency part of Publicis Groupe Romania, reveals a notable shift in media consumption habits among urban internet users. While online activities are declining, trust in traditional TV news has increased, signaling a renewed reliance on traditional media. Internet ...
The Dutch Parliament has given the green light for Bulgaria and Romania's full Schengen membership
Thursday, December 12, 2024
The Netherlands have officially given the green light for Bulgaria and Romania’s full Schengen membership, following a vote in the Dutch parliament which took place on Wednesday and supported this recent decision of the government, relates the news site of the Bulgarian public television, says News.ro. On Wednesday, the Freedom party of the extremist Geert Wilders, the largest party in the Dutch government coalition, tried to introduce a ...
The new Parliament - convened on December 20
Thursday, December 12, 2024
President Klaus Iohannis signed on Wednesday the decree convening the new Parliament of Romania, the Presidential Administration informs. Romania's newly elected Parliament will convene on December 20 at 14:00. Romanians elected their representatives to the new legislature on December 1. According to the Constitution, after the final results of the 2024 parliamentary elections are announced, the newly elected ...
Supreme Court dismisses AUR's challenge against Constitutional Court's decision to annul presidential elections
Thursday, December 12, 2024
The High Court of Cassation and Justice (ICCJ) on Wednesday rejected the appeal filed by the Alliance for the Union of Romanians (AUR) against the Constitutional Court's decision on the annulment of the entire electoral process of the presidential elections.The reason for the rejection of AUR leader George Simion's appeal is that the courts do not have the power to annul a Constitutional Court decision."Admits the exception of the general lack of jurisdiction of ...
DefMin Tilvar: Romania - a responsible ally of the U.S. in strengthening regional security at Black Sea
Thursday, December 12, 2024
Romania remains a responsible ally of the U.S. and a loyal partner in the process of strengthening regional security in the Black Sea area, National Defence Minister Angel Tilvar said on Tuesday, during his visit to the 99th Military Base in Deveselu alongside U.S. Ambassador to Romania Kathleen Kavalec."We will continue to act to maintain this region as a point of maximum importance on NATO's agenda," he added.The 99th Military Base in Deveselu hosts the U.S. ...
Romania - Republic of Moldova Joint Cooperation Programme 2014-2020 concludes with 84 projects funded
Thursday, December 12, 2024
Over 80 projects, with a total value of 99.67 million euro, of which 73 million euro were non-reimbursable funds, have been financed through the Romania - Republic of Moldova Joint Cooperation Programme 2014-2020, the Ministry of Development, Public Works and Administration (MDLPA) announced on Wednesday.According to the quoted source, on Tuesday, the Joint Monitoring Committee meeting regarding the closure of the Romania - Republic of Moldova Joint Cooperation ...
Ukraine approves agreement with Romania on construction of bridge over Tysa
Thursday, December 12, 2024
The Cabinet of Ministers approved an agreement with Romania on the construction of a road bridge over the Tysa River at the future checkpoint Bila Tserkva - Sighetu Marmatiei in the Zakarpattia Region on the Ukrainian-Romanian state border, https://ukranews.com/ ...
Fiscal adjustment period of seven years for five states, including Romania
Thursday, December 12, 2024
Romania is among the five member states for which a fiscal adjustment period of seven years instead of four has been accepted, announced on Tuesday the Minister of Finance, Marcel Bolos, who is at the meeting of the Business Council Economic and Financial Affairs of the EU in Brussels."Today, Romania was at the core of the discussions in Brussels, where important decisions were made for the economic future of the European Union. Here's what you need to know: One of ...
BNR's Report: Uncertainties at global level, deterioration of internal macroeconomic balances - main risks to financial stability
Thursday, December 12, 2024
Uncertainties at the global level in the context of the multitude of geopolitical events and the deterioration of internal macroeconomic balances are the two most important systemic risks, classified as severe, to financial stability, according to the Financial Stability Report of the National Bank of Romania (BNR)."The main risks to financial stability in Romania remained at high levels, relatively similar compared to the previous Report and to the risk assessments at the ...
Non-performing loans up to 2.54pct in end-September, according to central bank
Thursday, December 12, 2024
The non-performing loan rate went up to 2.54% at the end of September 2024 from the 2.49% recorded in June.In September 2023, the non-performing loan rate was 2.61%, according to data centralized by the National Bank of Romania (BNR).At the end of the third quarter of this year, there were 32 credit institutions in Romania, of which eight were branches of foreign banks. Total assets amounted to 843.2 billion RON, 8.6 billion RON higher compared to June ...
Annual inflation rate rises to 5.11% in November 2024
Thursday, December 12, 2024
The annual inflation rate rose to 5.11% in November 2024, up from 4.67% in October, as food prices increased by 5.11%, non-food goods prices by 5.15%, and services prices by 7.56%, according to data National Institute of Statistics (INS) published on Wednesday."The consumer price index in November 2024 compared to October 2024 was 100.41%. The inflation rate from the beginning of the year (November 2024 compared to December 2023) was 4.8%. The annual inflation rate in ...
Net investments in the Romanian economy up 2.6pct January through September
Thursday, December 12, 2024
Net investments in the national economy accounted for 130.953 billion RON in the first nine months of this year, up 2.6% compared to the first nine months of 2023, according to provisional data released on Wednesday by the National Institute of Statistics (INS).Thus, in the third quarter of 2024, net investments amounted to 51.781 billion RON, up 0.4% compared to the same period last year. Decreases were recorded in the structural elements: equipment (including means of ...
AHK Romania: Promoting innovation must be one of the new governmental program's priorities
Thursday, December 12, 2024
Promoting innovation must be one of the priorities of the new governmental program, argue the members of the Romanian-German Chamber of Commerce and Industry (AHK Romania), in a release sent on Wednesday.According to the cited source, AHK Romania has initiated a dialogue between the business and academic milieus in order to expand the partnership between German companies and Romanian universities in the field of research, innovation and continuous training. The meeting ...
Number of dwelling units put into use in Romania down January through September
Thursday, December 12, 2024
The number of dwelling units put into use in Romania, in the first nine months of this year, was 42,312, down by 7,681 dwelling units, compared to the same period in 2023, according to provisional data published on Wednesday by the National Institute of Statistics (INS).Overall, between January 1 and September 30, 2024, depending on the areas of residence, most housing units were put into use in urban areas, with a share of 56.6% of the total.At the same time, ...
The cyber attack on Electrica belonged to the Lynx Ransomware group; experts recommend using the Yara scan script
Thursday, December 12, 2024
The cyberattack of Monday on the critical systems of the Electrica Group was made by the group of cybercrime Lyns Ransomware informs the National Directorate for Cyber Security (DNSC) in a press release sent on Wednesday."DNSC advises all entities, especially those in the energy sector, whether or not they have been affected by the ransomware attack, backed by the Lynx Ransomware cybercrime group, to scan their own ...
EU official: JHA Council to vote on Thursday on Romania's accession to Schengen with land borders on January 1
Wednesday, December 11, 2024
The Justice and Home Affairs Council (JHA) will vote on Thursday on lifting controls on people at the internal borders with Romania and Bulgaria and between them from January 1, 2025, an EU official confirmed on Tuesday.Currently, on the agenda of the JHA Council dated December 9, there is the item "Decision of the Council establishing the date for the elimination of controls on people at the internal land borders with Bulgaria and Romania and between them", ...