* The Commission’s Joint Research Centre published on 18 July its report entitled ‘Drought in Europe — July 2022’, which presents an assessment of the drought situation in Europe, building on the work of the European Drought Observatory. Analysis of the evolution and impact of prolonged drought in the EU shows that a worrying part of the territory is currently exposed to drought at levels of warning (46 % of the EU) and alert (11 % of the EU), associated with a shortage of soil moisture causing stress on plants. Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said: “Climate change increases the risk of severe drought and wildfires around the world. The Joint Research Centre puts science and technology at the service of monitoring climate change. Through this report, we better understand the situation in order to protect our forests, crops and waters.” Water and heat stress leads to a decrease in crop yield compared to previous negative forecasts for cereals and other crops. France, Romania, Spain, Portugal and Italy are likely to face this decline in crop yields. To a certain extent, Germany, Poland, Hungary, Slovenia and Croatia are also affected. In Italy, the Pad basin has the highest level of drought severity. Severe drought was declared in five regions of Italy and insufficient water available led to several restrictions on use in municipalities. Similar measures to limit water use have also been taken in France.
The Romanian state, through the Ministry of Transport led by Ciprian Şerban, is analysing the possibility of taking over the 20% stake that Fondul Proprietatea (BVB: FP) holds in Porturi Maritime Constanţa (CNAPMC). The move would make the state the sole shareholder of Romania's most important logistics hub, responsible for import-export, transit, storage, and operation […]
Romanian companies are increasing investment and accelerating digital transformation, but remain more cautious about the economic outlook than their EU counterparts, according to the European Investment Bank's newly released EIB Investment Survey 2025 – Romania overview. The report showed that 78% of Romanian firms invested in the past year, an improvement over previous editions yet […]
Wizz Air announced on Monday, December 8, the reopening of its base in Târgu Mureș, marking the company’s ninth operational base in Romania. The low-cost carrier will station an Airbus A320neo at Transylvania International Airport, increasing its Romanian fleet to 39 aircraft this winter. Wizz Air now offers 10 routes to eight countries from […]
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
