The European Public Prosecutor’s Office (EPPO) in Timisoara (Romania) has accused seven individuals and two companies of subsidy fraud and forgery, involving three projects regarding the development of fruit harvesting and processing, with a value of over €1.4 million. According to the investigation, between February 2019 and June 2024, the suspects, including a mayor, successfully applied in the name of two companies for three projects financed by the European Agricultural Fund for Rural Development (EAFRD). They allegedly falsified documents regarding the information of the beneficiary of the projects and the employees of the companies to proof their eligibility to apply for the projects. In the early stages of the investigation, a lawyer, who is also a suspect in this investigation, encouraged certain witnesses to provide false statements, helping the main suspects and obstructing the investigation. The European Delegated Prosecutor in charge of the investigation ordered the detention of the seven suspects and he will request their pre-trial detention. EPPO has seized buildings, lands and money belonging to the suspects. The investigation and searches counted on the support of the EPPO Support Structure in Romania: Timisoara and Iasi EPPO Offices (Structura de sprijin a procurorilor europeni delegati în Romania – Birourile Teritoriale Timisoara si Iasi), Timis County Police Inspectorate – Economic Crime Investigation Service (Inspectoratul de Politie Judetean Timis – Serviciul de investigare a criminalit?tii economice), Special Operations Brigade Timisoara (Brigada de Operatiuni Speciale Timis), Organised Crime Brigade Timisoara (Brigada de combatere a criminalit?tii organizate Timisoara) and the Mobile Group of Gendarmes Timisoara (Gruparea mobile de jandarmi 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/)
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
