The European Public Prosecutor’s Office (EPPO) in Bucharest (Romania) notified the Bucharest Tribunal of an indictment against an individual and a company, on charges related to non-procurement fraud, https://www.eppo.europa.eu/ informs. This was based on an investigation, conducted by the EPPO, which uncovered evidence of discrepancies regarding funds totalling €920 000, received under a financing contract within the European Maritime and Fisheries Fund 2014-2020. These funds were intended for the development of a fishery and leisure area in Tulcea County, including tasks such as unclogging and restoring the embankment crown, purchasing photovoltaic panels, acquiring amphibious equipment for reed cutting, the procurement of accommodation structures, and the purchase of recreational motorboats. It is suspected, however, that €480 000 of the received funds was redirected from their designated purpose between June 2019 and June 2020. It is alleged that these diverted funds were channelled into the personal account of the defendant, used for financing other companies under their control, or allocated for unrelated project expenses. Seizing orders have been initiated on the individual and company’s assets, as part of the legal process. In the event of a conviction, the defendant could potentially face a penalty of up to seven-and-a-half years’ imprisonment. The EPPO, as the independent public prosecution office of the European Union, is entrusted with the responsibility of investigating, prosecuting, and bringing to judgment crimes against the financial interests of the EU.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
