The European Commission on Thursday approved, an EUR 400 million (RON 2 billion) Romanian scheme to compensate farmers for damages suffered due to the severe drought in the period between September 2023 and August 2024, according to a press statement released by the commission on Thursday.The scheme is open to agricultural producers of 39 selected crops (such as wheat, triticale, rye, barley, oats, rapeseed, peas, sunflower and maize) that were directly affected by the severe drought. To benefit from the aid, the agricultural producers must have lost more than 30% of their autumn 2023 - summer 2024 crops as a result of the drought.Under the scheme, the aid will take the form of direct grants. The maximum amount of aid is EUR 200 (RON 1,000) per hectare for a 100% loss, not exceeding 30% of the eligible costs. The scheme will run until December 31, 2024.The commission found that the scheme is necessary and appropriate to compensate Romanian farmers for the losses incurred due to this extreme climatic event.Furthermore, the commission found that the scheme is proportionate, as it is limited to the minimum necessary, and has a limited impact on competition and trade between member states. On this basis, the commission approved the Romanian scheme under EU state aid rules.
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The European Commission announced earlier this week that it has selected four electrification projects developed by Romanian companies to receive funding of EUR 29.33 million from the Connecting Europe Facility fund. The CEF funding round involves a total of over EUR 600 million in EU grants, which will support...
Romania has won the international competition for a judge position at the UN Dispute Tribunal (or UNDT), with judge Adina Elvira-Ghiţă set to take over a seven-year term, according to the Ministry of Foreign Affairs (MAE). Romania secured 109 votes in the UN General Assembly during the international competition for filling a judge position at […]
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
The Romanian government is preparing an emergency ordinance to ban salary-pension cumulation in the public sector, according to the document consulted by Economedia.ro. The draft ordinance includes other measures to reduce spending in public administration, such as suspending secondments and transfers. The...
