The European Commission has approved a scheme of 500 million euros for the HoReCa sector in Romania
The European Commission has approved a scheme of 500 million euros for the HoReCa sector in Romania, meant to support companies operating in the field of tourism, accommodation and food services, as well as travel agencies, in the context of the coronavirus epidemic, informs The Representative Office of the European Commission in Bucharest. The measure will cover up to 20% of the revenue losses registered between 1 January and 21 December 2020, compared to the similar period in 2019. The support will not exceed 1.8 million euros per beneficiary, and the aid will be granted no later than 31 December 2021.
The Romanian government adopts a draft bill on 5G communications
The Romanian government has adopted the draft bill on 5G communications, a technology that significantly increases the speed of the Internet for mobile devices. The normative act required special attention, because the new technology poses complex threats to national security through access to sensitive IT infrastructures, said the Minister of Interior Lucian Bode. Washington officials have warned that China’s telecom giant Huawei’s breakthrough in this area poses a security risk due to Chinese government involvement, and Romania and the United States signed a memorandum last year on the need for a careful assessment of 5G technology providers. The Romanian government recently approved an emergency ordinance by which companies from some countries, including China, will no longer be able to participate in auction bids to obtain important infrastructure projects. The auction for the allocation of 5G spectrum in Romania, already postponed twice, could take place in the second half of this year.
The European Investment Bank finances the modernization of the university educational infrastructure in Romania
The European Investment Bank finances the modernization of the university educational infrastructure in Romania. The total financing amount is 100 million euros, and contracts have already been signed with three of the best rated Romanian universities. The Technical University of Cluj-Napoca has signed a contract worth 21 million euros for the modernization of the university campus and the development of research infrastructure. Also, the Polytechnic University of Bucharest will benefit from a reimbursable financing from the European Bank, and the University of Medicine and Pharmacy “Carol Davila” in Bucharest has signed a contract worth 24 million euros to finance two new medical research centers. These financing lines are complementary to those offered by the European Commission and the Romanian Government, said the Minister of Education Sorin Cîmpeanu. Minister Cîmpeanu specified that in the next period the Romanian Government will invest 320 million euros in the academic infrastructure.