The funds available for investments in the conditioning, storage and processing of agricultural and fruit products, financed through the DR-22 intervention of the Strategic Plan for the Common Agricultural Policy 2023 - 2027 (PS PAC 2027), were fully consumed by the requests submitted online on the official website of the Agency for the Financing of Rural Investments during this period, informs the Ministry of Agriculture in a press release.According to the cited source, the requests submitted by the processors exceed one billion euros. Processors submitted 428 funding requests, amounting to 1.13 billion euros, in the open session for DR-22, December 20, 2023 - February 5, 2024."I am happy about the great interest of the processors in this measure from the Strategic Plan. Romania needs processing, I have said it every time and I will repeat it on every occasion. Within the DR-22 intervention, the amount of funding granted can reach 10 million euros for each project to establish processing units for the fruit-vegetable, milling, oil and combined feed sectors. The fact that the success of the INVESTALIM Program is doubled by the interest shown by processors for this investment measure shows us that we are on the way correct in terms of supporting Romanian production," said the Minister of Agriculture, Florin-Ionut Barbu.Also through DR-22, investments other than those previously mentioned are financed with up to 7 million euros/establishment project and with up to 3 million euros/investment project for the modernization of processing units. The non-refundable financing is a maximum of 65% of the total eligible expenses of a project.The investment projects submitted on the official website of the Agency for Financing Rural Investments (www.afir.ro) in this session propose for financing the construction and equipment of conditioning, storage and processing units, investments in internal infrastructure and utilities, as well as expenses for ensuring compliance with hygiene conditions and the technological flow, expenses related to the marketing of the obtained products (equipment for labeling, product packaging), expenses related to the marketing of the products.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
