The European Commission has approved an amendment to an existing Romanian scheme, including an overall €54.4 million (RON 270.7 million) budget increase, to support tomato and garlic producers in the context of Russia's war against Ukraine. The amendments were approved under the State aid Temporary Crisis and Transition Framework (“TCTF”), adopted by the Commission on 9 March 2023 and amended on 20 November 2023 and on 2 May 2024. The Commission approved the original scheme on 22 February 2024 (SA.112600). Under the scheme, the aid consists in limited amounts of aid in the form of direct grants. The measure is open to producers of tomatoes in protected spaces, such as greenhouses, and to producers of garlics. As regards the amendment, Romania notified, among others, (i) an overall budget increase by €54.4 million (RON 270.7 million); and (ii) the increase of the amounts of individual aid for the beneficiaries of the measure. The Commission concluded that the amended scheme remains necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the TCTF. On this basis, the Commission approved the amendment under EU State aid rules.
The Bucharest Municipal Electoral Office announced late Monday, November 17, that it has validated 17 of the 20 candidacies submitted for the capital’s race for the general mayor seat, including those of the main contenders. Two applications were rejected, and one was postponed for further review,
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
