A criminal group will be accounted for embezzling hundreds of thousand euros from EU funds for agriculture, growing tomatoes, the European Anti-fraud Office (OLAF)announced on Wednesday. OLAF says the group which “had no intention to grow tomatoes”, embezzled 850,000 euros from EU funds for agriculture. Also, according to Olaf, “No penny of this money was spent on agriculture or in Romania.” A joint investigation between OLAF and Romanian and Italian authorities discovered the operation which involved screen companies, false financial statements and false documents. The group supported subsidies in Romania, sending them to the accounts of Italian banks. Those funds were used to finance other criminal activities, according to OLAF. The group saying that the same group could have used similar actions in other activities in Romania. Five Italian citizens and four entities in Romania will be criminally investigated in Romania according to OLAF recommendations.
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
Armenian Street Pop-Up: All That Jazz, an event focusing on the city’s Armenian neighborhood, community and living heritage, takes place on the weekend of May 24 – May 25. The first edition, meant as an overture to the Armenian Street Festival, brings to the fore the cultural heritage of the Armenian community in Romania and […]
One year after its launch, Attractive Romania/România Atractivă - part of Romania's first national program dedicated to cultural tourism - announced major milestones, including more than 280,000 active users and over 60,000 downloads of its mobile app. The platform has become the second most popular Romanian tourism app, after Munții Noștri. Initiated by the Ministry […]
