Around 2.3 billion euros have been absorbed from European funds since the beginning of the year for agriculture and rural development, the Ministry of Agriculture and Rural Development (MADR) announced on Friday.Thus, 2.29 billion euros have entered the accounts of Romanian farmers since the beginning of this year and so far, European money reimbursed by the European Commission to finance support measures carried out by the Ministry of Agriculture and Rural Development."We are making full use of the available European funds to increase our farmers' capacity to produce Romanian products. Farmers, processors, entrepreneurs and local communities need this support to develop to European standards and we are making sure that the money made available by the European Commission gets where it is needed on time," said Minister of Agriculture and Rural Development Florin-Ionut Barbu.The total amount of European funds that Romania has absorbed in agriculture and rural development, from 2015 to 5 June 2024, amounts to 25.4 billion euros, 15.2% more than the amounts absorbed between January 2015 and June 2023.The Ministry of Agriculture manages European funds from the European Agricultural Fund for Rural Development 2024-2020, including EURI 2021-2023, the European Agricultural Guarantee Fund (EAGF), including the Farm Accountancy Data Network (FADN), the European Fund for Fisheries and Maritime Affairs (EFF) 2014-2020, the European Maritime, Fisheries and Aquaculture Fund 2021-2027 and European Agricultural Fund for Rural Development (EAFRD) National Strategic Plan 2023-2027.
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
