The central Targu-Mures based Azomures company announced on Monday that it could resume the production of fertilizers for agriculture with the launch of the European package of support for energy-intensive industries, but the schedule for restarting the facilities also depends on availability of gas for the Romanian market."The European Commission has recently adopted an economic support package, aimed directly at farmers and energy-intensive companies such as the fertilizer industry. According to data presented in Brussels, energy-intensive fertilizer companies can benefit from support of up to 50 million euros to balance the costs of energy, natural gas for fertilizer producers. For Azomures, this aid would cover the difference between the purchase price of natural gas and the cost of producing fertilizers," Azomures showed in a press release."According to the schedule, half of the production facilities will be started in the first phase. The start-up of the other facilities is scheduled for May. The start-up schedule and a fair price for natural gas would allow the production of about 600,000 tonnes of fertilizer, to cover part of the fertilization needs of Romanian farmers in the autumn agricultural campaign, essential for next year's crops. With the resumption of the fertilizer production activity, Azomures reaffirms its support for the backing of the Romanian agriculture and of the national economy by maintaining in operation an extremely valuable economic chain in which tens of thousands of employees are involved," the press release of manufacturer Azomures further affirms.In mid-December 2021, the largest producer of agricultural fertilizers in Romania, Azomures, announced the shutdown of facilities on the platform due to high energy prices. Azomures's annual production, under normal operating conditions, is 1.6 million tonnes of fertilizer, and approximately 75 percent of this production was intended for Romanian farms.
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
