Romania received a warning on Wednesday for failing to fully comply with the Landfill and Waste Framework Directives despite having already been fined by the European Court of Justice in December, euractiv.com informs. According to the Commission, Romania has successfully closed and rehabilitated 92 landfills and plans to address five more by 2026-2028. However, the situation for four others remains uncertain despite ambitious targets to send less than 10% of municipal solid waste generated to landfills by 2035. Environment, Water and Forests Minister Mircea Fechet has stressed the urgency of closing or rehabilitating at least 31 hazardous and non-hazardous industrial waste sites to avoid EU fines. During a site visit to Sofert Bacau, a 16-hectare dangerous waste landfill in north-eastern Romania, Fechet highlighted the daily fines of €18,000 incurred by this site alone, which has been storing hazardous phosphogypsum industrial waste since communist times. Today, a significant amount of recyclable material still ends up in landfills rather than in factories, while Romania is still unable to control waste imports, the minister said in an earlier statement. On 14 December, the EU Court of Justice (CJEU) imposed a fine of €1.5 million on Romania, along with daily penalties of €600, for delays in closing non-compliant waste dumps. The CJEU noted that the failure to fulfil obligations has lasted more than four years since 2018, described as “a considerable duration”. In addition, the CJEU pointed to “a significant risk of pollution and serious consequences for human health, in particular through the release of harmful chemicals into soil, air and water”.
Prime Batteries, the only local battery manufacturer and one of the few active in Europe, has established a joint venture with the South Korean company Top Material to produce active material, a key element in the production of batteries. The unit is in South Korea. Top Material is also a shareholder in Prime, with a […]
Franklin Templeton, the administrator of Fondul Proprietatea, has launched 16 Franklin Templeton Investment Funds (FTIF) on the iFonduri platform, expanding access to investment solutions for individual investors in Romania, according to Ziarul Financiar. The iFonduri platform, launched on Thursday, December...
Some companies in the BETPlus index are expected to deliver an average dividend yield of 3.6% in 2026, down from the 4.1% projected for a similar selection last year, according to an analysis by the TradeVille Analysis Department, Bursa.ro reported. The estimates are based...
The American company Critical Metals, which concluded an agreement with the Romanian state-owned company Nuclearelectrica for the partnership construction of a processing plant in Feldioara for the rare earths that the former extracts from Greenland, is actually controlled by the Romanian businessman Frank Timiș, who was, among other things, behind the Roșia Montană project, according […]
West Beton, part of West Group, produced and delivered, through its three production sites, more than 200,000 cubic meters of ready-mix concrete in 2025. Over 90% of total deliveries went to residential projects, including HILLS Nord, the third phase of Nusco City, and developments by companies such as Hagag or Pedro Construct. The rest of […]
The government has added four more companies to the list of the first 17 that entered the reform process and the analysis of the Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu. These are CNCAF Minvest, Romaero, CNMPN Remin, and Avioane Craiova, companies from the portfolio […]
