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.
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
The Romanian national postal company Posta Romana will close all its post offices "in the coming years" and rent them out, announced the company's general manager, Valentin Ștefan, quoted by Economica.net. The only reason for not closing the offices...
The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency...
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. "RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," […]
