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.
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
