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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania gets EUR 1.95 bln under EU’s Just Transition Fund

Romania is the third-biggest recipient of funds under the European Union’s EUR 17.5 bln Just Transition Fund and will receive EUR 1.95 bln.

This fund will not support investment related to nuclear power stations or fossil fuels, including natural gas.

EU member states gave the final approval on Monday (7 June) to the Just Transition Fund, intended to support currently fossil fuel-dependent regions to green their economies, according to Euobserver.com. The final approval paves the way for EU countries to start receiving the money - which is subjected to EU Commission approval of their transition plans.

Poland, one of the most coal-dependent countries in the EU, is expected to receive the largest slice of the fund (EUR 3.5 bln), followed by Germany (EUR 2.2 bln), Romania (EUR 1.9 bln), and the Czech Republic (EUR 1.4 bln).

In May 2020, the commission proposed increasing the Just Transition Fund from the initial budget of EUR 7.5 bln to EUR 40 bln. But then EU countries reduce it back to EUR 17.5 bln.

andrei@romania-insider.com

(Photo source: Marian Vejcik/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania gets EUR 1.95 bln under EU’s Just Transition Fund

Romania is the third-biggest recipient of funds under the European Union’s EUR 17.5 bln Just Transition Fund and will receive EUR 1.95 bln.

This fund will not support investment related to nuclear power stations or fossil fuels, including natural gas.

EU member states gave the final approval on Monday (7 June) to the Just Transition Fund, intended to support currently fossil fuel-dependent regions to green their economies, according to Euobserver.com. The final approval paves the way for EU countries to start receiving the money - which is subjected to EU Commission approval of their transition plans.

Poland, one of the most coal-dependent countries in the EU, is expected to receive the largest slice of the fund (EUR 3.5 bln), followed by Germany (EUR 2.2 bln), Romania (EUR 1.9 bln), and the Czech Republic (EUR 1.4 bln).

In May 2020, the commission proposed increasing the Just Transition Fund from the initial budget of EUR 7.5 bln to EUR 40 bln. But then EU countries reduce it back to EUR 17.5 bln.

andrei@romania-insider.com

(Photo source: Marian Vejcik/Dreamstime.com)

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