The central Targu-Mures based Azomures company announced on Monday that it could resume the production of fertilizers for agriculture with the launch of the European package of support for energy-intensive industries, but the schedule for restarting the facilities also depends on availability of gas for the Romanian market."The European Commission has recently adopted an economic support package, aimed directly at farmers and energy-intensive companies such as the fertilizer industry. According to data presented in Brussels, energy-intensive fertilizer companies can benefit from support of up to 50 million euros to balance the costs of energy, natural gas for fertilizer producers. For Azomures, this aid would cover the difference between the purchase price of natural gas and the cost of producing fertilizers," Azomures showed in a press release."According to the schedule, half of the production facilities will be started in the first phase. The start-up of the other facilities is scheduled for May. The start-up schedule and a fair price for natural gas would allow the production of about 600,000 tonnes of fertilizer, to cover part of the fertilization needs of Romanian farmers in the autumn agricultural campaign, essential for next year's crops. With the resumption of the fertilizer production activity, Azomures reaffirms its support for the backing of the Romanian agriculture and of the national economy by maintaining in operation an extremely valuable economic chain in which tens of thousands of employees are involved," the press release of manufacturer Azomures further affirms.In mid-December 2021, the largest producer of agricultural fertilizers in Romania, Azomures, announced the shutdown of facilities on the platform due to high energy prices. Azomures's annual production, under normal operating conditions, is 1.6 million tonnes of fertilizer, and approximately 75 percent of this production was intended for Romanian farms.
A total of 41.7% of Romanians consider the possibility of Romania being involved in a war as their primary concern, according to a survey conducted by INSCOP Research between May 26 and 30. The figure is nearly three times higher than the next most frequently cited concerns - healthcare and rising prices (around 15% each) […]
Following the publication of the detailed Q1 GDP figures (+0.3% y/y), ING Bank Romania revised its 2025 GDP growth forecast for Romania to 0.8% from 1.2% on June 6, reflecting weak momentum and growing downside risks. The bank maintains its 2026 estimate at 2.2%. The publication of Romania's detailed GDP data for the first quarter […]
Romania’s Court of Accounts has identified significant deficiencies in the operations of the National Agency for Fiscal Administration (ANAF) during 2023, according to findings from a compliance audit quoted by Ziarul Financiar on June 6. The audit report highlighted problems across several critical areas,...
The technical committee formed by the political parties “that could form the future governing coalition” in Romania continues negotiations after one week, presidential advisor Radu Burnete announced on June 9 in a Facebook post – at the time when the parties were supposed to announce a first draft of the agreement. The delay and the […]
A powerful storm swept through Bucharest on Monday afternoon, June 9, prompting a large-scale emergency response as torrential rain overwhelmed the city’s infrastructure. Several streets and boulevards were flooded, with images shared on social media showing water entering buses and several cars left stranded in flooded roadways. The National Meteorological Administration (ANM) issued successive orange […]
Due to the Pentecost holidays, we will resume our activity tomorrow, 10 06 2025
