The European Public Prosecutor's Office (EPPO) carried out on Tuesday five searches in Bucharest as part of an investigation into an EUR 8 million fraud with EU funds for the purchase of medical equipment during the COVID-19 pandemic, the EPPO announced in a statement.In the period 2020 - 2022, a criminal network was formed to manipulate the public procurement of protective masks, disinfectants and other medical supplies for hospitals, schools and other municipal state facilities, so as to benefit predetermined suppliers, which are understood to have been part of the scheme. Three individuals under investigation have been brought to the EPPO's office in Bucharest to be informed of their status as suspects.The supply of the medical equipment was funded by the programme Recovery assistance for cohesion and the territories of Europe (REACT-EU). It is estimated that the activities documented so far in the investigation caused the EU budget a damage of over EUR 8 million. The investigation is ongoing, in order to ascertain the extent of the suspected criminal activities and the overall financial damage caused.The investigation and the searches are conducted with the support of the EPPO Support Structure in Romania, the Romanian Police - Special Operations Directorate, Romania's Anti-Corruption General Directorate, and the Special Intervention Brigade of the Romanian Gendarmerie.
Photon Energy and Hyperion Renewables have signed an engineering, procurement, and construction (EPC) contract for a 34 MW solar power plant in Săliște, Romania, with plans to expand the facility to 38 MW. Construction is set to begin in the third quarter of 2025, with commercial operations expected a year later. The project, developed by […]
The presidential elections in Romania on May 18 may mark the most important political change since the fall of communism in 1989, with two scenarios radically different: a thorough radical political reform of mainstream parties, complicated by tight economic constraints, and the rise of radical political entities that increasingly resemble the hard-right movement of the […]
Romanian leading tour operator Paralela45 announced the merger with Rainbow Tours Polonia, one of the largest players in Poland, and is counting on increasing its market share in the coming years, according to Economica.net. Paralela45 signed a preliminary agreement on the merger with Rainbow Tours of Poland on May 15. ...
Romania’s average net wage increased by 9.8% y/y to RON 5,457 (EUR 1,097) in the first quarter of 2025, according to data published by the statistics office INS. In real terms, the annual growth rate was 4.8% – significant in absolute terms but the weakest in seven quarters. The net wage in Romania leaped up […]
The European Commission could trigger the formal procedure of temporarily suspending European funds for Romania, including money from the Resilience Facility, in June, according to sources consulted by G4media.ro. The...
Hollywood actor Sebastian Stan and swimming champion David Popovici, two of Romania’s most prominent international figures, have called on Romanians to vote in Sunday’s presidential runoff, where independent candidate and Bucharest mayor Nicușor Dan faces George Simion, the leader of the far-right party AUR. Sebastian Stan, who won a Golden Globe for...
