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 Education Ministry has established a partnership with the National Audiovisual Council (CNA) to draft a guide on combating illegal content online, part of a series of measures aimed at tackling pseudoscience and manipulation, the institution announced. The guide is meant to be shared with and discussed in schools and universities in the country. "We […]
Soprano Angela Gheorghiu, one of the brightest stars of the international opera scene, is celebrating 35 years of excellence in music with a grand anniversary concert on September 7 at Arenele Romane in Bucharest. Tickets have been put up for sale online. The concert will feature an exceptional lineup of performers, including tenor Jonathan Tetelman, […]
Despite a climate of economic and political uncertainty, Romania's land market remained stable in 2024, with transaction volumes reaching nearly EUR 450 million, a figure close to 2023's total. Colliers' annual report reveals that Bucharest and its metropolitan area continued to dominate, accounting for 80% of total transactions, while residential projects made up 70% of […]
February has been an active month for Romania's fiscal and economic landscape, with significant announcements and regulatory updates that businesses, particularly those in public affairs and legal departments, should closely follow. IMF and World Bank: Stability, Not Austerity Finance Minister Tánczos Barna provided reassuring news following meetings with IMF and World Bank representatives. Contrary to […]
Rural buyers fuel growth through progressive adoption Over 60% of customers have more than 5 years of experience in online shopping Beauty, Fashion, Footwear, Pharma, and Electronics are the most popular categories €857 is the average annual spending of an online customer MerchantPro launches...
The 20th edition of the Bucharest Pride march is scheduled for June 7, organizer Accept announced. The march, where organizers expect some 30,000 participants, is part of a series of events taking place throughout June, including debates, exhibitions, film screenings, parties, and workshops. The march will follow its established route: Calea Victoriei – Parcul Izvor, […]
