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.
Only 145 companies in Romania, out of more than 800,000 active businesses, managed to grow their revenues and remain profitable every year between 2008 and 2024, according to an analysis published by business intelligence platform Termene.ro. The study found that these firms, representing just one in every 5,500 companies (or 0.02% of the total), generated […]
The secretary-general of the Organization for Economic Cooperation and Development, or OECD, Mathias Cormann, was on a visit to Romania on Monday, September 15. The representative had talks with president Nicusor Dan and prime minister Ilie Bolojan, after which he said that Romania may succeed in joining the organization in 2026. Founded in 1961, the […]
Romania’s anti-corruption prosecutors have indicted Timișoara Airport’s former general manager Iulian Daniel Idolu and five board members on charges of abuse of office, alleging they illegally extended Idolu’s mandate without a competitive selection process. The National Anti-Corruption Directorate (DNA) said Iulian Daniel Idolu, who served as general manager of “Traian Vuia” Timișoara...
Romanian car rental company Klass Wagen said that it launched the Autozentrum brand and opened its first subsidiary in Germany, becoming the first Romanian company to sell used cars on the German market. The move marks the beginning of the Klass Wagen Autozentrum European network, through which the group intends to sell used cars directly […]
The Romanian men's tennis team defeated El Salvador 3-1 over the weekend of September 13-14 and secured a spot in the Davis Cup World Group I Play-offs. The tie between the two teams was played within World Group II. In the first match of the tie, Romanian Radu Țurcanu defeated Marcelo Arévalo, 6-7 (3/7), 6-3, […]
France has introduced a pilot program to teach Romanian as a mandatory foreign language in its public school system, marking the first such initiative in the country’s education sector, the Romanian Embassy in Paris announced. The project began at Collège Aimé et Eugénie Cotton in Blanc-Mesnil, a town in the Seine-Saint-Denis department, where many students […]
