At the ongoing Agriculture and Fisheries Council meeting, Romania applied with the European Commission for the extension of the Temporary Crisis and Transition Framework in the sector of agriculture until June 30, 2025, as well for the increase of the individual aid amount to EUR 560,000 per agricultural enterprise, the Ministry of Agriculture and Rural Development said in a release on Monday.The ministry's Secretary of State Sorin Moise participates in the meeting of the Agriculture and Fisheries Council taking place in Luxembourg between October 21 - 22.An important point on the Council's agenda is represented by the conclusions regarding a post-2027 Common Agricultural Policy (CAP) oriented towards farmers, and in this sense the Agriculture ministers will seek to approve a set of conclusions regarding the future post-2027 CAP.Also, based on the information provided by the EU Presidency, the Council will discuss the main challenges facing the EU food chain."Romania reiterates the need to extend the application of the Temporary Crisis and Transition Framework in the agricultural sector, as well as to increase the individual aid amount per agricultural enterprise. Thus, Romania and its partners request the European Commission to urgently analyze the realities faced by farmers and put up the individual ceiling applicable to the primary agricultural sector to EUR 560,000 per beneficiary. In order to prevent the farmers' bankruptcy and support the sector's recovery, Romania suggests the extension of the timeframe of this aid until at least June 30, 2025," the release states.The Hungarian EU Presidency will publicly provide the Council with information on: the outcome of the conference on the prevention of food waste (Budapest, October 1, 2024), the outcome of the meeting of the CAP directors (Budapest, September 10 - 12, 2024), and the outcome of the conference of the directors of EU payment agencies (Budapest, October 16 - 18, 2024).
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
Producer Ada Solomon has been elected chair of the board of the European Film Academy, marking the highest level of representation the Romanian film industry has achieved within the institution. Solomon was chosen by more than 5,400 Academy members across Europe, according to the official announcement. Dutch producer Leontine Petit and French producer Matthieu Darras […]
