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 average price per square meter requested by real estate developers and owners for residential units in Romania increased by 15% in 2025, with the highest rise seen in Craiova, according to a survey conducted by Imobiliare.ro, as reported by Profit.ro. ...
Authorities in Prahova County announced on Monday the full resumption of water supply in all 13 towns and communes that had been left without drinking water for more than a week due to problems at the Paltinu Dam, Bursa.ro reported. Residents, however, have been warned that the water is not yet safe for consumption...
Chances are slim for the Social Democratic Party (PSD) to pull out of the ruling coalition this year, maybe only if something extraordinary happens, according to a leading member of the party consulted by Hotnews.ro. The party is again exploring options after its...
The Romanian Senate on December 8 overwhelmingly rejected the president's objections to the bill on combating extremism, also known as the Vexler law. There were 75 votes for maintaining the amendments referred by president Nicusor Dan to the Constitutional Court in a first step and then returned to lawmakers for a second review,
In the first 11 months of 2025, Romania produced 2.5% fewer automobiles compared to the same period last year, Ziarul Financiar reported. The country's automobile production totaled 505,859 units during the period. Out of this, 275,527 units were produced by Dacia and 230,332 by Ford Otosan. In...
Franklin Templeton, the long-time manager of Fondul Proprietatea (FP), has formally notified the Bucharest Stock Exchange that it is now willing to negotiate a new four-year mandate, reversing its earlier decision to withdraw from the administrator selection process. According to the announcement, Franklin Templeton International Services - FP's alternative investment fund manager (AIFM) and sole […]
