The European Public Prosecutor’s Office (EPPO) in Bucharest (Romania) notified the Bucharest Tribunal of an indictment against an individual and a company, on charges related to non-procurement fraud, https://www.eppo.europa.eu/ informs. This was based on an investigation, conducted by the EPPO, which uncovered evidence of discrepancies regarding funds totalling €920 000, received under a financing contract within the European Maritime and Fisheries Fund 2014-2020. These funds were intended for the development of a fishery and leisure area in Tulcea County, including tasks such as unclogging and restoring the embankment crown, purchasing photovoltaic panels, acquiring amphibious equipment for reed cutting, the procurement of accommodation structures, and the purchase of recreational motorboats. It is suspected, however, that €480 000 of the received funds was redirected from their designated purpose between June 2019 and June 2020. It is alleged that these diverted funds were channelled into the personal account of the defendant, used for financing other companies under their control, or allocated for unrelated project expenses. Seizing orders have been initiated on the individual and company’s assets, as part of the legal process. In the event of a conviction, the defendant could potentially face a penalty of up to seven-and-a-half years’ imprisonment. The EPPO, as the independent public prosecution office of the European Union, is entrusted with the responsibility of investigating, prosecuting, and bringing to judgment crimes against the financial interests of the EU.
Elena Oancea is the Co-CEO of Goldbach Group, a Romanian holding comprising 8 companies operating in sectors such as the development of retail parks, property management, civil and industrial construction, real estate development, architecture and urban planning, interior design, renewable energy, consultancy for projects financed by European funds. Driven by a clear vision of strategic innovation […]
Cosmin Florin Dumitrache, a shepherd from Romania’s Prahova County, notified the Prahova County Museum of History and Archaeology after he discovered a skull in the Vârful Scoruș area, at Urlați. The bones turned out to be 5,000 years old years old. A team of specialists from the museum carried out an archaeological intervention to salvage […]
Crin Antonescu, the candidate backed by the ruling coalition in Romania, raised RON 20 million (EUR 4 million) for the ongoing presidential campaign, according to data published by the Permanent Electoral Authority on Friday, April 11. Of the RON 20 million, the Social Democratic Party raised RON 15 million for Antonescu’s campaign, followed by UDMR, […]
Frequenza Festival will bring a mix of classical and contemporary chamber music to Bucharest next month. Hosted at the Auditorium Hall of the National Museum of Art of Romania between May 22 and 25, the festival will feature four evening concerts performed by a lineup of international musicians. The festival’s artistic directors are the renowned […]
Romania is set to be part of an Important Project of Common European Interest (IPCEI) on nuclear energy announced this week by Stéphane Séjourné, Vice-President of the European Commission responsible for industrial strategy. The project developed by France with Romania and Italy includes small modular reactors, advanced reactors, uranium management, supply, research on nuclear fusion, […]
Victoriabank, a subsidiary of Romania’s Banca Transilvania Group, has signed an agreement to acquire Microinvest, the leading non-bank microfinance institution in the Republic of Moldova. The deal, announced Thursday in Chișinău, marks the group’s latest expansion into the Moldovan market, following Victoriabank’s recent merger with BCR Chișinău. The transaction is subject to approval by regulatory […]
