The European Commission approved, on Thursday, a scheme notified by Romania worth 126 million euros to support investments in ports, where trade flows have increased suddenly. The plan to grant state aid to the Danube and the Black Sea aims to prevent blockages on the route of the EU-Ukraine solidarity corridors. According to a EC press release, the measure facilitates commercial flows to and from Ukraine, in accordance with the objectives of the EU action plan for solidarity corridors. “This scheme worth 126 million euros will allow Romania to reduce the blockages created by the sudden increase in the volume of goods arriving at the ports on the Danube and the Black Sea. The aid will support port operators to process and store goods awaiting their turn, thus reducing the bottleneck caused by Russia’s war against Ukraine. This will contribute to the EU’s action plan for solidarity corridors, without unduly distorting competition in the single market”, said European Commission Vice-President Margrethe Vestager. Romania has notified the Commission of its plans to support businesses operating in certain Romanian ports to invest in additional handling or storage facilities to process goods that have been diverted from their normal trade routes due to Russia’s war against Ukraine and the impossibility to use Ukraine’s direct sea export routes. The scheme, with a budget of 126 million euros (approximately 626 million lei), will run until December 31, 2024.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
