The World Bank has supported Romania in its efforts to combat nutrient pollution for the past two decades, with over 110 million euros invested in local communities and with assistance given to the Government to strengthen administrative capacity, Anna Akhalkatsi, country manager for Romania, said on Tuesday within the World Bank, according to a press release from the Ministry of the Environment.She participated, together with the minister of the Environment, Mircea Fechet, at the final conference of the "Integrated Control of Nutrient Pollution" (CIPN) project. The project is part of the Romanian Government's efforts to ensure the implementation of the Nitrates Directive, which aims to reduce nutrient pollution from agricultural sources.The CIPN project was financed by the Government of Romania, with a loan from the World Bank, and took place in two financing phases. The first phase started in 2008 and ended in 2017, financing a number of 86 manure management platforms. The additional financing of the project was allocated until December 2023.For her part, Adriana Petcu, secretary of state for Water within the MMAP, emphasized that the project had ambitious interventions, allocating about 70% of the funds for construction works and the equipment necessary for the management of manure at the local level.The conference was also attended by Cosmin Buteica, Environment specialist, World Bank, Jeanne De Jagher, Team Leader Nitrates, European Commission, specialists from the mini8stry, but also representatives of local public authorities from the beneficiary localities of the investments financed by project. The debates brought to the attention of those present, the lessons learned, the positive experiences, but also technical and operational aspects that will be able to be integrated into the implementation schemes of the future financing programs available.The map of communal manure collection platforms, built through the "Integrated Control of Nutrient Pollution" project, is available on the project website www.apanoastra.ro, Platforms section.
A truck belonging to a Moldovan transport company loaded with weapons was detected at the Albita Customs, at the entrance to Romania, on November 20, Europa Libera Romania reported. According to the documents, it was intended for an Israeli beneficiary, but this has not been...
The Constitutional Court of Romania (CCR) will rule on December 10 on the objections expressed by the opposition party AUR against the revised law that includes higher taxes and better tax collection procedures, passed by the Parliament on November 18 in an amended form, such as to incorporate the issues already spotted by the CCR […]
The Social Democrat (PSD) candidate for the Bucharest mayor seat, Daniel Baluta, mayor of District 4 and president of PSD Bucharest organisation, leads with 26.6% of the general voting intentions expressed in the latest poll conducted by Inscop for Informat.ro. He is closely followed by the Liberal (PNL) candidate Ciprian Ciucu, currently mayor of District […]
Cris-Tim Family Holding (BVB: CFH) shares will start trading on the Bucharest Stock Exchange on November 26, following one of the most heavily oversubscribed initial public offerings ever conducted on the local market for retail investors, Ziarul Financiar reported. The listing follows a RON...
Banca Transilvania (BVB: TLV) is preparing to launch a new Additional Tier 1 (AT1) bond issue, denominated in euros, with an indicative coupon of 7.625% (semiannual payment), according to Bloomberg information consulted by Economedia.ro. The instrument is a EUR Benchmark Perpetual...
Banca Comercială Română (BCR, part of Erste Bank Group) raised EUR 500 million through its second Eurobond issue, strengthening its access to international capital markets. The issuance follows a local bond sale earlier this month and forms part of the bank’s broader funding strategy. BCR stated that the transaction secured “one of the most competitive […]
