Romania has, currently, around 6.9 million hectares of forest fund, out of which 51pct are private property, data released by the National Forestry Inventory (IFN) at a Thursday conference reveals. According to IFN, there are 14 million hectares of farmland, the ratio of the categories of land being 1:2.1. The data indicate that there are around 830,000 forest and approximately four million owners of farmland, with a ratio of 1:5. The forest sector (forestry and wood processing) represents 2pct of GDP and that of agriculture and food industry represents 12pct. The IFN Inventory was conducted between 2008-2012; a new cycle of analysis debuted in 2013. "IFN was initiated in 2006, and its completion was stated in the Forest Code in 2008, in order to align to European standards. This inventory must be conducted, at a national level, every five years. The inventory must be conducted due to a need for precise and up-to-date information to serve as the basis for the forestry policy, forecasts, programs and strategies for the development of the forestry sector," Director for Policies and Strategies with the Environment Ministry Danut Iacob stated at the conference. The data were collected in the field by 21 teams assembled and trained for this purpose, each consisting of three people. IFN data shows that in cubic meters, the amount of wood is 2.22 million, with an average 321.9 cubic meters per hectare. The main species of trees are beech, representing 36.8pct, spruce - 23.8pct, holm - 10.1pct, hornbeam - 8.1pct and fir - 5pct.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]