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 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 […]
