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/)
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Spanish company Telefónica is considering the acquisition of Digi Communications (BVB: DIGI) of Romania, active at home but also on the markets of Italy and Spain, in a deal that could significantly change the European telecommunications market, according to Ziarul Financiar, citing Spanish publications...
A still significant share of the foreign investors in Romania surveyed by the Foreign Investors Council (FIC), namely 40%, expect their markets to expand, while 47% expect stagnation, leaving a small share of investors undecided or pessimistic. The expectations for external demand are below average, with only 29% of those surveyed expecting higher exports and […]
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