On Thursday, President Klaus Iohannis promulgated the law on the ratification of the agreement by which Romania grants 100 million euros, in non-reimbursable funds, to the Republic of Moldova.The agreement between the Government of Romania and the Government of the Republic of Moldova concerns the implementation of the technical and financial assistance programme based on the non-reimbursable financial aid amounting to 100 million euros.Signed in Chisinau on February 11, the agreement is the main instrument by which Romania will provide support to the Moldovan authorities in their efforts for sustainable development, advancement through reforms and rapprochement with the European Union.The document allows the granting by the Romanian Government of a non-reimbursable contribution amounting to 100 million euros to the benefit of the Republic of Moldova, a contribution that will be payable within 7 years from the date when the agreement comes into force. It shall cease at the moment of full absorption by the Republic of Moldova of the funds made available through it. The implementation of the agreement may be extended for a maximum period of 3 years.
Romanian prime minister Marcel Ciolacu announced during the first government meeting this year that over 200 kilometers of highways and express roads are planned to be inaugurated in 2025. Among the key projects highlighted was the Focșani-Brăila expressway, valued at over EUR 1 billion, for which multiple bids have been submitted,
SevenX Ventures increased its stake in Holde Agri Invest, one of Romania’s largest agricultural land operators, the company announced. At the same time, Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, increased his holding in SevenX Ventures to 71%, resulting in a reduction of Vertical Seven Group’s stake […]
The Romanian executive recently granted emergency approvals for banned bee-killing pesticides in clear violation of European regulations, according to the European branch of the well-known US political news outlet Politico. Specifically, the Romanian ministry of agriculture greenlit the use of Cruiser 350 FS - a neonicotinoid insecticide banned in the EU due to its devastating impact...
Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate Călin Georgescu, focusing on "the manner and flows of money that arrived from various sources." "It is an investigation alongside the judicial bodies, […]
Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said. One of the scenarios is to keep the compensation-cap scheme for […]
Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. ...
