The government adopted on last Wednesday two measures to support farm producers affected by drought, providing for financial compensation and the legal suspension of the repayment of current and outstanding loans until August 2025.The decision comes as more than 230,000 farm producers (individuals, companies or family businesses) were hit by drought between September 2023 and August 2024, and provides for drought relief grants in the amount of RON 1,000 for each affected hectare, government spokesman Mihai Constantin said. The aid is disbursable based on a damage assessment minute acknowledging that the affected area is at least 30%. The budget of this state aid scheme is RON two billion.Another measure adopted by the government to support farmers who had difficulties this year provides for the possibility of legally suspending the repayment of current and overdue loans due in 2024, until August 1, 2025. The facility applies provided that two requirements are met: the applicant for suspension must have a record ascertaining an extent of damage of at least 50%; the interest charged by the lender is higher than 2.5% plus ROBOR for loans in RON, and 2% plus EURIBOR for foreign currency loans, Agriculture Minister Florin Barbu explained.Another emergency ordinance adopted on Wednesday aims to expand the "Farmer's Loan" state aid scheme, so that advantageous state-guaranteed loans can also be accessed for the payment of outstanding debts to suppliers and input distributors."We are talking here about 100% state-backed loans with a fixed interest rate of 1.95, and the ROBOR and all other fees are borne by the Ministry of Agriculture and the Government of Romania. (...) Let me tell you one more thing: Romania's self-sufficiency rate for domestic products is 100%. This year's wheat production exceeds by 1.9 million tons the 2023 crop. Practically, we have the necessary output for both animal husbandry and for export," the minister emphasized.
More than one in three children in Romania, roughly 1.25 million, live in poverty, and the percentage rises dramatically to 75.8% for those whose parents have a low level of education, according to 2024 Eurostat data cited by Save the Children Romania. Children in rural areas face a much higher risk of poverty or social […]
Wizz Air has expanded its base at Timișoara International Airport, in western Romania, by adding a third aircraft and launching five new routes this month. The expansion marks another milestone for the carrier, which has transported more than nine million passengers to and from Timișoara since beginning operations there in 2008. Starting this week, passengers […]
Tech giant Apple announced a major expansion of its clean energy projects across Europe with new large-scale solar and wind farms under development in Romania, Greece, Italy, Latvia, and Poland. The local project is located in Galați County. Together with a newly operational solar array in Spain, the projects announced on Tuesday, October 14, will...
Romanian president Nicușor Dan argued that there is a lot of room for new American investments in areas such as energy or artificial intelligence in Romania in an interview given on Monday, October 13. The head of state said that foreign investments increase Romania’s economy and are generally beneficial to long-term growth. “There is a […]
British rock icons The Cure and American duo Twenty One Pilots will headline the 2026 edition of Electric Castle, one of Romania’s largest music festivals. The event will take place on July 16–19 at Banffy Castle in Bonțida, near Cluj-Napoca. Festival passes are available on the event’s website, with early bird prices offered through midnight, […]
Romanian prime minister Ilie Bolojan attended the launch of a new Mercedes-Benz assembly line for propulsion units on Monday, October 13, in Sebeș, central Romania. The new line will service fully-electric GLC models produced by the German carmaker. The new high-tech production line has a 15,000-square-meter assembly line, over 1,000 meters in length, and more […]
