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.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
