The European Public Prosecutor’s Office (EPPO) in Timi?oara and Bucharest (Romania) has accused four individuals and one company of subsidy fraud, involving a project funded by the Regional Operational Programme 2014–2020, with over €2.8 million of non-reimbursable funding from the EU and national sources, https://www.eppo.europa.eu/ informs. As reported in March 2024, the administrator of the beneficiary company is accused of falsifying statements to claim the completion of works that were not fully executed. It is alleged that tax invoices, work reports, and quotations were submitted to the EU funds management body, misleadingly indicating that the works were completed. Additionally, the suspects are accused of using forged documents to prove that the equipment to carry out the works was delivered before the project deadline. During searches conducted in March and this week, authorities seized houses, land, and cash worth €1 million from the suspects in an effort to recover defrauded EU and national funds. Thanks to a swift investigation, over €1.8 million in non-reimbursable funding from the European Regional Development Fund (ERDF) and national funds was never disbursed. If found guilty, the suspects face between three to ten years of imprisonment. All persons concerned are presumed to be innocent until proven guilty in the competent Romanian courts of law. 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.
The Solis Team, made up of 23 students and two faculty members of the Technical University of Cluj-Napoca, together with a representative of the Romanian Auto Registry, is currently representing Romania at the most prestigious competition in the world dedicated to vehicles powered exclusively by solar energy, the Bridgestone World Solar Challenge 2025. The competition […]
The most recent study conducted by Raiffeisen Bank in partnership with Appinio shows that 6 out of 10 Romanian employees are worried about job stability until retirement, with concern being higher among women and people over 40 years old. The labor market in Romania remains one where age can be both an advantage and an […]
Bucharest will host the second edition of AccessABILITY Expo next month, a three-day event dedicated to advancing inclusion for people with disabilities, the Romanian Diversity Chamber of Commerce (RDCC) announced. Organizers said the initiative aims to tackle Romania’s persistent gaps in employment and social participation for people with disabilities. The fair, running from September 18 […]
A Memorandum of Understanding on Capital Market Development was signed between the Ministries of Finance of Bulgaria, Croatia, Poland, Romania, Slovenia, the Slovak Republic, the Republic of North Macedonia, and the Ministry of National Economy of Hungary, according to Radio Romania. The memorandum regulates institutional cooperation for the development...
About 50,000 new mortgage loans were granted at a national level in the first six months of 2025, the highest level registered in the first semester in the last five years, according to a market analysis published by online broker Ipotecare.ro and mortgage lending company SVN Romania. The total value of the new granted mortgage […]
Music Gallery, the only exhibition in Romania devoted entirely to music, will embark on a national tour this fall, bringing an interactive “pop-up” experience to six cities across the country. The first stop will be Mega Mall in Bucharest, where the exhibition will run from September 4 to 14. Founded in Cluj-Napoca, Music Gallery blends […]
