Eggs and poultry meat were included on the list of products that can be imported from Ukraine only on the basis of import license, announces the minister of agriculture, Florin Barbu. He said that the measure was adopted following a discussion with associative forms and mentioned that Romania, as a member state of the European Union must comply with certain conditions, and this implies higher costs.‘Costs, clearly, are higher by 30% than those in Ukraine, as they do not have the conditions of the European Union. And we took this decision. But we did not take a decision to license these products, so that when the food industry needs these products and Romania does not have a 100% degree of self-sufficiency in certain periods, it can import these products on the basis of a license (…).The same mechanism that we gave to cereals, flour and sugar’, he mentioned.Florin Barbu announced at the same time that the measures for support offered to the farmers this year were over five billion euro. The measures were adopted in the context of the crisis provoked by the aggression of Russia against Ukraine, aimed at supporting investments in agriculture, irrigation and combating dangerous phenomena.Among those there are measures for support from the state budget worth over 1.91 billion euro. ‘For the 2023 and 2024 campaign, support measures from European funds through the Payments Agency of 2.6 billion euros have recently been completed. This amount includes payments for interventions related to the support of the market measures, foreign trade, fruits for schools, annuity agricultural life, promotion of agricultural products. Of these, we mention: 25 measures worth 1.87 billion euro, representing a degree of absorption of more than 98.52% of the ceiling from European funds were reimbursed by the ministry of agriculture and practice revenues were made to the state budget’ declared the minister of agriculture.
OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
