The Court had already found that Romania had failed to fulfil its obligations under EU law in a judgment delivered in 2018 EU law 1 aims to prevent or reduce as far as possible the negative effects of the landfill of waste on the environment. In 2018 2 , the Court held that Romania had failed to fulfil the obligation to put a stop to the landfill of waste and to close down 68 landfills whose operation was not authorised. In 2022, taking the view that Romania had still not complied with the 2018 judgment, the European Commission brought a further action for failure to fulfil obligations. In its judgment, the Court of Justice notes that Romania has still not closed 31 sites not authorised to be in operation. It orders Romania to pay a lump sum of €1.5 million and a penalty payment of €600 per landfill and per day of delay. In fixing the amount of the penalty payment, the Court takes into account the seriousness of the infringement, its duration and Romania’s ability to pay. The incomplete implementation of the 2018 judgment entails a significant risk of pollution and serious consequences for human health, in particular through the release of harmful chemicals into soil, air and water. In addition, the failure to fulfil obligations has persisted for more than four years, which is a considerable duration. Due to the risk to the environment and human health posed by that failure to fulfil obligations, and in order to prevent the recurrence of similar infringements, the Court also orders Romania to pay a lump sum appropriate to the circumstances and proportionate to the infringement committed. (Source:https://curia.europa.eu/jcms/upload/docs/application/pdf/2023-12/cp230192en.pdf)
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
It’s a packed agenda this week, with film festivals, art and jewelry fairs, events for foodies, the start of the light and music show at Bucharest’s Unirii fountains, and an anniversary but slimmed-down edition of the Night of Museums. The public in Iași can attend the events of the Romanian Creative Week, while theater fans […]
