The European Commission decided on Wednesday to open an infringement procedure by sending a letter of formal notice to Romania for failing to correctly transpose the Single-Use Plastics Directive (Directive (EU) 2019/904) intended to reduce the impact of certain plastic products on the environment, the Commission said in a statement.The Directive is an essential element of the Plastics Strategy and the Circular Economy Action Plan, and the full implementation of sustainable practices enshrined in the Directive is key to effectively protect human health, natural environments and ensure a successful transition towards a more sustainable circular economy.Romania has not correctly and completely transposed several provisions of the Single-Use Plastics Directive into national law, which can result in an incomplete application of the Directive in practice. For instance, Romanian law extends the exemptions from the prohibition of placing single-use plastic products on the market. This concerns, for example, beverage stirrers and single-use plastic sticks used for medical purposes. In addition, Romanian law does not require producers to cover all costs in accordance with the extended producer responsibility provisions of the Directive.Finally, there are no provisions in the national law to encourage the use of sustainable alternatives to single-use plastic for food.The Commission therefore decided to send a letter of formal notice to Romania, which now has two months to respond and address the shortcomings raised by the Commission. In the absence of a satisfactory response, the Commission may decide to issue a reasoned opinion.
Acting president Ilie Bolojan running for a full term is becoming an increasingly plausible scenario after one of the candidates, the one who won the second largest number of votes after isolationist Calin Georgescu in November 2024, said she would step down in his favor. The leader of the reformist opposition party USR, Elena Lasconi, […]
Vista Bank, which has been owned since 2018 by the Vardinogiannis Group of Greece, one of the largest industrial conglomerates in Southeastern Europe, announced the acquisition of Alpha Leasing Romania from Alpha Bank and Alpha International Holdings. Alpha Leasing also owns 100% of Alpha Insurance Brokerage Romania. The transaction, subject to regulatory approval, is expected […]
Romania's chemical group Chimcomplex (BVB: CRC) reported nearly RON 1.5 billion (EUR 300 million) turnover (+7% y/y) and remained in the black with a net profit of RON 3.5 million (-77% y/y) – quite a performance that put it in the select club of 18% European chemistry companies that avoided losses in the difficult year […]
Local entrepreneur Mihaela Neagu, who in 2022, through the investment vehicle Best Achiziții, took over the ailing sugar factory Bod in Brasov county (central Romania), reportedly failed to restore operations at the facility and will use the land for a real estate project instead, according to
BSH Hausgeräte, a group including the Bosch and Siemens brands, will reportedly sell the 44-ha plot of land purchased in Romania at Simeria, close to the border with Hungary, in 2018 when the group was pondering the idea of a EUR 110 million household appliance factory. Bosch will put up for sale the 44-hectare land in […]
Romania's acting president, Ilie Bolojan, met representatives of the Foreign Investors Council (FIC) and bilateral chambers of commerce to discuss "attracting and continuously developing investments in the national economy, as well as on reducing local bureaucracy." In the meantime, Bosch announced it gives up the planned EUR 110 million household appliance factory in western Romania, […]
