The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is carrying out house searches today in Sibiu County, as part of an investigation into Lucian Blaga University of Sibiu, suspected of fraud involving Erasmus funds. It is alleged that employees of the university, who were responsible for coordinating the External Relations Services, drew up fictitious contracts with various citizens from East Asia to receive funding for two Erasmus+ Partner Countries projects. It is also understood that students, doctoral students and teaching staff from Asia continued to appear on the payroll of two Erasmus Mundus mobility projects, even though their contracts were coming to an end. It is believed that their signatures were forged to transfer the money to other people. In total, the estimated damage amounts to around €1 million. The current management of Lucian Blaga University is cooperating, and it is also they who filed the initial complaint of this investigation. The house searches are being carried out by dozens of police officers from Sibiu County Police Inspectorate (Inspectoratul de Poli?ie al Jude?ului Sibiu). The EPPO is the independent public prosecution office of the European Union. It?is responsible for investigating, prosecuting and bringing to judgment crimes against the financial interests of the EU. (Source:https://www.eppo.europa.eu/)
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
