Romania has the capacity to become European leader in the soya production, if annually a surface of approximately 700,000 ha would be allocated, five times more than at present, according to the Association of Farmers from Romania (AFR).In 2021, the surface cultivated with soya was 140,000 ha, dropping by 29% against 2020 (169,000 ha) and the production obtained has surpassed 347,000 tons, with an advance of 25% against the previous year, when there were 322,000 tons.‘In 2020, over 40% of the European imports of soya came from Latin America, worth over 2.7 billion dollars. If we want to become strong players in the domain, something must change, and this means, among others, association in co-operations and setting up an Association of Soya Producers of Romania. As well as investments in irrigation solutions and access to community funds, use of soya to fix nitrogen in the soil and partnerships among farmers in the vegetal and animal sector’ the AFR representatives in an analysis sent to the press.Such a change would be beneficial as,at the level of the European Union there are discussion about the interdiction of APIA subsidies for animals, an initiative recorded officially at the European Commission.Indeed, the European Commission recorded a European citizen initiative entitled ‘End the slaughter age’ (let us finish the era of animal scarification). The organisers invite the Commission to exclude animal raising from eligible activities for agricultural subsidies and include ethical and ecological alternatives, such as cellular agriculture and vegetal proteins. The activists require, similarly, the introduction of incentives for the production and sale of agricultural produce based on plants and produce coming from cellular agriculture.On the other hand, AFR announces ‘good news for Romanian agriculture’ namely the document regarding micro-grants and grants for working capital which is under public consultation on the site of the ministry of investments and European projects (MIPE).The total value of the programme is 300 million euro, and the money will be for the support of business in the domain of agriculture and food industry.
Fondul Proprietatea (hereinafter “The Fund”) published today its financial results for the first three months ended on 31 March 2022 and would like to share the following highlights: The Fund’s share price registered a strong performance in the first three months reaching a price of RON 2.11 at 31 March 2022, a record […]
Romania’s economy posted a surprising 6.5% growth rate in the first quarter, but economists predict a significant slowdown for the rest of the year, euractiv.com reads. Romania’s GDP grew 6.5% in the first quarter of 2022 compared with the same period of 2021, the statistics institute said in a flash estimate Tuesday (17 May). […]
Euroins Romania Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster […]
Current arrears increased by RON 12 billion in the first four months of this year, the president of the National Tax Administration Agency (ANAF), Lucian Ovidiu Heius, told on Friday a press conference, mentioning that he will send inspectors to companies to find out what is going on."I noticed a phenomenon in the first four […]
Romania is in a very unusual situation. The country is having the most stable exchange rate against the EUR this year compared with CEE peers, the lowest key rate at 3.75 % while running large twin deficits. This is likely to continue all this year, according to the most recent forecast by the […]
The internal flows of the companies in the financial-banking industry may be affected by the rapid pace of the legislative novelties, the growth of the number of fiscal reports, digitization of the fiscal administrations, and the intensification of the exchange of information between the Romanian fiscal authorities and those of other countries, said the specialists […]