In an investigation led by the European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania), multiple searches are being carried out today at the Sibiu International Airport and the Sibiu County Council, in a probe into suspected fraud related to a €54 million EU-funded project for the modernisation of the airport, https://www.eppo.europa.eu/ reports. A total 24 searches are being executed in Bucharest, Bra?ov and Sibiu County, including at the headquarters of six companies, as well as the houses of persons of interest in this investigation. The searches are connected to a project for the modernisation and development of airport infrastructure, co-financed by the European Regional Development Fund (ERDF) under the Large Infrastructure Operational Programme 2014-2020, with the EU contribution amounting to €54.5 million (RON 272.493.421,67) – representing 85% of the total cost. On the radar of the EPPO are potential irregularities in the tender procedure and a possible conflict of interest. Based on the preliminary findings, during the drafting of the feasibility study, highly specific conditions were established, potentially limiting the ability of other economic operators to submit bids. This culminated in the awarding of the contract to the sole bidder, who is also suspected of having made inaccurate statements about its ability to meet the stipulated requirements. The investigation is ongoing to clarify the facts and assess whether any criminal offences have occurred. The ongoing searches are mobilising dozens of police officers from the EPPO Support Structure in Romania – Cluj-Napoca Office, Economic Crimes Investigation Directorate within the Romanian General Police Inspectorate, Economic Crime Investigation Services within Alba and Bra?ov County Police Inspectorate, County Police Inspectorate and the Romanian Gendarmerie. All persons are presumed innocent until proven guilty by the competent Romanian courts of law. The EPPO is the independent public prosecution office of the European Union. It?is responsible for investigating, prosecuting and bringing to judgment crimes against the financial interests of the EU. (Photo:https://www.ftm.eu/)
How to Web Conference, the leading startup and technology event in Eastern Europe, will host multiple programs and formats for over 550 startups at its 2025 edition, taking place on October 1–2 in Bucharest. These programs are designed to support early-stage startups by offering valuable opportunities for growth, investor connections, and showcasing their innovations. “Our […]
Romanian state-controlled nuclear power producer Nuclearelectrica (SNN) posted a higher-than-expected net profit in the first half of 2025, as stronger financial income offset a surge in windfall tax expenses, brokerage firm Swiss Capital said in a note published on Monday on BVB Research Hub. The company booked a net profit of RON 867...
Romania’s Energy Ministry unveiled the energy voucher platform on Wednesday, August 20. Citizens with low incomes who register on the platform will receive aid worth RON 50 (EUR 10) per month to pay for their electricity bills. Not everyone is eligible for the state aid. Only single persons with incomes below RON 1,900 (EUR 375) […]
Romanian prime minister Ilie Bolojan will go on a working visit to the Republic of Moldova on Saturday, August 23 - his first as head of the executive. The visit will include a series of activities carried out together with the prime minister of the Republic of Moldova, Dorin Recean. According to the government, the […]
Romania’s famous Mud Volcanoes, located in the southern Buzău County, were recently scanned by experts from the National Institute for Earth Physics Research and Development with the help of drones equipped with modern sensors, in order to better understand the structure of the soil and the associated risks. INFP specialists, together with their partners Skyline […]
Romania’s residential market posted record apartment sales in July as buyers rushed to finalize transactions before the removal of the reduced VAT rate and the increase in the standard VAT from 19% to 21%, according to real estate consultancy Colliers. The VAT change came into effect as of August 1, driving a surge of last-minute […]
