The European Public Prosecutor’s Office (EPPO) in Timi?oara (Romania) has accused five individuals of aggravated subsidy fraud, forgery of private documents and intellectual forgery, with an estimated damage of €667 000. At issue is a project to establish a pig-breeding farm in the town of Corabia, Olt County, financed by the European Agricultural Fund for Rural Development (EAFRD). According to the investigation, the beneficiary of the funds, with the support of the equipment supplier and the project consultant, submitted false documents for goods that were bought at a lower price and were of another nature or quantity than those requested from the EAFRD, thus unduly obtaining funds from the EU budget of €667 000. It is also understood that two employees of Romania’s Agency for Financing Rural Investments (AFIR), in the exercise of their duties, falsely mentioned that they had conducted accurate on-the-spot checks of the equipment that had been requested by the beneficiary. As a result of the EPPO’s proactive measures, an additional amount of approximately €500 000 was prevented from being unduly obtained from the EU budget. The investigation counted on the support of Romania’s Anti-Corruption General Directorate (Directia Generala Anticoruptie – Serviciile Judetene Anticoruptie Timis si Mehedinti), Timis County Police Inspectorate – Lugoj Municipal Police (Inspectoratul de Politie Judetean Timi? – Poli?ia Municipiului Lugoj-Sec?ia 5 Poli?ie Belin?) and Special Operations Brigade Timisoara (Directia de Operatiuni Speciale – Brigada de Operatiuni Speciale Timisoara). The EPPO is the independent public prosecution office of the European Union. It?is responsible for investigating, prosecuting and bringing to judgment crimes against the financial interests of the EU.? (Source:https://www.eppo.europa.eu/)
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
