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”.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
