The area of Romanian farmland owned by foreigners increased by over 10% this year to 709,000 hectares from 635,000 hectares in 2010, and 24.29% of it belongs to Italians, Agriculture Minister Valeriu Tabara told a news conference Monday.
Almost 7,000 households (6,939) in 28 communes were severely hit by the floods in Galati county, according to the updated estimates published by the local authorities on the evening of September 19. "From the data available at this moment, 28 communes are affected by floods. The data at this moment are estimates and were communicated […]
The leader of the Liberal (PNL) senators, Daniel Fenechiu, announced that his party drafted and filed for endorsement a law amendment that provides that a president in office, if he is in the last three months of his mandate, can run as an independent on a party's list or an alliance. This somehow confirms president […]
The support package for large industrial investments, approved [in principle] by the Romanian government on September 18, includes, among others, an installation bonus that can represent up to 35% of the investment, deputy prime minister Marian Neacsu, responsible for the development of the project, told Radio Romania, as quoted by
The first half of 2024 ended with a modern stock of industrial and logistics space in Romania of about 7.3 million square meters, and developers have more than 700,000 sqm under construction in various stages, according to a Colliers' report on real estate market developments for the first half of the year. Thus, the modern […]
The financial damage caused by the drought could exceed EUR 2 billion nationally, given the massive production losses, the additional costs for irrigation, and the lack of capitalization of the production at a fair price, according to the data provided by the Romanian Farmers' Club (CFRO) to
The government ratified on September 18 the agreement between Romania and the International Bank for Reconstruction and Development (IBRD) on a EUR 599 million loan to fund green investment projects in energy and transport, but also the public budget deficit, announced the Executive's spokesperson Mihai Constantin. These funds will finance the green transition, mainly actions […]
