Tuesday, 7 December, Bulgaria and Romania’s strategic plans under the Common Agricultural Policy (CAP), amounting to EUR 5.6 billion and EUR 14.9 billion respectively, were approved by the Commission. Of the total EU budget for these two countries, more than EUR 5.6 billion will be dedicated to meeting environmental and climate objectives and eco-schemes and EUR 436 million to young farmers. Income support occupies an important place in Bulgaria’s plan to bridge the gap between farmers’ incomes and those of workers in other sectors. More than EUR 600 million will be dedicated to supporting the difficult meat, dairy and fruit and vegetables sectors. As regards environmental actions, the plan will ensure that more than 80 % of arable land has minimal soil cover during sensitive periods in order to improve soil quality. The plan will also support the creation of more than 9,000 jobs and 650 infrastructure investments in rural areas. Romania’s plan aims to improve farmers’ livelihoods and competitiveness. In addition to income support, around EUR 1.1 billion will be allocated to investments in farms and processing plants. Romania uses 41 % of its rural development budget to encourage ecological practices in high nature value areas in order to protect biodiversity. It is expected that 611 000 hectares of land will be subject to such practices. In order to maintain the attractiveness of rural areas in Romania, the plan will support the creation of more than 12,000 jobs in these areas, with funding for businesses and infrastructure. The new Common Agricultural Policy(CAP), due to start on 1 January 2023, is designed to shape the transition to a sustainable, resilient and modern European agricultural sector. The CAP will receive EUR 270 billion in funding for the period 2023-2027.
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
Romanian prime minister Marcel Ciolacu announced that a team of lawyers contracted by the government managed to block the sale of the painting Saint Sebastian by the renowned artist El Greco, which is part of Romania’s heritage. Ciolacu added that earlier this month, the government mandated lawyers to pursue the recovery through legal proceedings at […]
Romania’s eMAG and HeyBlu, a financial services company owned by the eMAG group, have announced the acquisition of Orange Money by taking over 100% of its shares. The transaction is part of eMAG’s strategy to expand and diversify its financial services, the company said. “The acquisition of Orange Money is part of eMAG’s strategy to […]
The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between […]
Only 28% of teenagers in Romania aged 11-15 engage in the minimum required level of physical activity and sports to maintain good health, according to a study conducted by the World Health Organization cited on High5 Podcast. Additionally, only 23% of them perform sufficient moderate and intense physical activities for their stage of development, which […]
