The European Commission has approved an amendment to an existing Romanian scheme, including an overall €54.4 million (RON 270.7 million) budget increase, to support tomato and garlic producers in the context of Russia's war against Ukraine. The amendments were approved under the State aid Temporary Crisis and Transition Framework (“TCTF”), adopted by the Commission on 9 March 2023 and amended on 20 November 2023 and on 2 May 2024. The Commission approved the original scheme on 22 February 2024 (SA.112600). Under the scheme, the aid consists in limited amounts of aid in the form of direct grants. The measure is open to producers of tomatoes in protected spaces, such as greenhouses, and to producers of garlics. As regards the amendment, Romania notified, among others, (i) an overall budget increase by €54.4 million (RON 270.7 million); and (ii) the increase of the amounts of individual aid for the beneficiaries of the measure. The Commission concluded that the amended scheme remains necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the TCTF. On this basis, the Commission approved the amendment under EU State aid rules.
Romania’s ruling coalition will make a final decision on the magistrates’ pensions law after president Nicusor Dan meets magistrates on November 18 and will most likely promote the law on public administration employment in Parliament next week, according to media reports from prime minister Ilie Bolojan and other sources familiar with the negotiations. The coalition […]
The restaurant chain with entirely Romanian capital, City Grill Group, announced that it ended the first ten months of the year with a turnover of EUR 63.5 million, up 13% compared to the same period last year. The results "confirm the group's stability in a year marked by challenges for the hospitality industry and consolidation," […]
Sphera Franchise Group (BVB: SFG), Romania’s largest food service operator, reported record third-quarter results for 2025, marking its strongest Q3 performance to date in terms of sales and profitability. The company said on November 17 that the improvement reflects stricter cost discipline and rising contributions from its operations in Italy and the Republic of Moldova. […]
Hidroelectrica (BVB: H2O), the largest state-owned company in Romania, recorded lower operational and financial results in the first nine months of 2025 compared to the same period last year, but in line with the amended budget approved on October 31. The company's net profit fell by 34% y/y, to RON 2.3 billion, and earnings per […]
State-controlled gas producer Romgaz (BVB: SNG) may officially submit a binding offer to acquire fertiliser plant Azomureș by the end of the year, provided the final stages of its due diligence process confirm the financial, legal, and operational feasibility of the transaction. The update was provided by Gabriela Mareș, Romgaz's Director of International Relations and […]
Turkish group Tosmur Grup is close to completing a second production unit at its starch factory in Medgidia, an investment of EUR 86 million that will double the site’s current capacity by the end of this year, Ziarul Financiar reported. The project expands the company’s operations in southeastern Romania,...
