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Agricover Credit IFN reached 22 million RON net profit last year, 28 per cent up compared to 2015

Agricover Credit IFN, the non-banking financial institution specializing in financial services in agriculture, announced the net profit registered last year is worth 22 million RON (4.8 million ...

Gothaer Asigurari Reasigurari: Over 75,000 hectares have been affected this year by hail and storms

Over 75,000 hectares of farmland have been affected this year by hail, storms and floods, compared to 15,000 hectares in the last agricultural year, while the number of claim files approved by G...

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APIA: 98.61 per cent of farmers received subsidies of over two billion Euro

In late June, Prime Minister Dacian Ciolos requested to Achim Irimescu, Minister of Agriculture and Rural development, to prepare an action plan to combat the effects of drought forecasted this ...

The gap between imports and exports of food products tripled in the first half

In the first half of 2016, the agro-food trade deficit, namely the gap between imports and exports, amounted to 663.6 million Euro, more than three times higher than the same period in 2015, acc...

BCR to grant to farmers funding up to 90 per cent of the subsidies

Farmers can obtain funding from BCR up to 90 per cent of the subsidies they are about to collect, following an agreement concluded between BCR, the Agency for Payments and Intervention in Agricu...

Government reduces VAT for agricultural services, seeds, pesticides and fertilizers to nine per cent

VAT for agricultural services, seeds, pesticides and fertilizers is set to decrease from 20 per cent to nine per cent, announced Prime Minister Dacian Ciolos in late June, most probably starting...

Minister of Agriculture requires 30 million RON supplementary budget to finance irrigation

In late June, Prime Minister Dacian Ciolos requested to Achim Irimescu, Minister of Agriculture and Rural development, to prepare an action plan to combat the effects of drought forecasted this ...

MADR Minister: “Romania supports the EU Council presidency's efforts in establishing new fishing quotas”

In early July, Achim Irimescu, the Minister of Agriculture and Rural Development (MADR), had an informal meeting with Josef Kamenicky, state secretary within the Ministry of Agriculture of Slova...

Romania could become the main producer of rapeseed from the Black Sea

Agriculture could record, in 2016, the best results in the last decade; a total business of 24.5 billion RON (almost 5.5 billion Euro), due to favourable spring weather, investments, consumption...

Minister of Agriculture: Romanian-Iranian trade needs to increase

Achim Irimescu, Minister of Agriculture and Rural Development, received in mid-May the visit of the Ambassador of Iran in Bucharest, Hamid Moayyer, according to a press release

Government allocates 300 million Euro in support for the livestock sector

The Romanian Government approved in late May the necessary funds to make payments to agricultural aid worth over 300 million Euro for the livestock sector, according to Mediafax

Monteagro Invest: “This year, those who planted wheat will not earn a lot of money”

Currently, in Romania, there is an excess of water in the soil, flooding some of the farmland, so the productivity of the large crops, especially wheat and barley, will not be as great as expect...

Over 5,600 hectares of crops in Olt destroyed by hail

In mid-May, over 5,600 hectares of crops in six municipalities located in the southern county of Olt had been affected by hail, with farmers claiming compensation from the Government, Mediafax r...

Ciolos to present in US visit investment opportunities, including in agriculture

During his visit to the United States in late May, Prime Minister Dacian Ciolos had several meetings with the American Administration representatives, involved in supporting and developing the e...

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Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to actively participate i...

Dragnea: There is no risk of PSD getting destabilized

Leader of the Social Democratic Party (PSD) Liviu Dragnea told a private broadcaster on Sunday that there is no risk of his party getting destabilised as he and the incumbent party leadership ha...

SRI and DNA have no protocol, says SRI Spokesman

Spokesman of the Romanian Intelligence Service (SRI) Ovidiu Marincea stated that the SRI does not have any protocol with the National Anticorruption Directorate (DNA), but he added that there ar...

Iohannis at Government meeting: I discussed with the PM; I am pleased with how you do your job

President Klaus Iohannis said on Wednesday he had, before the Government meeting, a "very applied" discussion with Prime Minister Sorin Grindeanu, and the head of state told the Government membe...

President Iohannis wants to address Parliament on 7 February

President Klaus Iohannis sent a letter to the Heads of the two Chambers of the Legislature, in which he reveals that he wants to address Parliament on 7 February, in respect to the amendments ma...

Minister of Justice: Bill amending Criminal codes put up for public debate

Minister of Justice Florin Iordache announced that the bill amending the Criminal codes will be put up for debate on Monday for a 30-day period, and that it will also include the articles that h...

Kovesi on draft amendment of Criminal Code: Guised decriminalization of abuse of office

Chief Prosecutor of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said on Wednesday that the draft emergency ordinance amending the Criminal Code and the Criminal Procedure...

MEP Negrescu to Farage: Romania does not take lessons in fairness from man investigated for corruption

Member of the European Parliament Victor Negrescu conveyed in an open letter addressed to Nigel Farage, that the former leader of the UK Independence Party (UKIP) should not talk about corruptio...

PM Grindeanu: We support our views on 2017 budget

The Government will support its views in respect to the 2017 budget draft in the Supreme Council for National Defence (CSAT) meeting on Tuesday, Prime Minister Sorin Grindeanu said, according to...

Iohannis: 2017 budget is a problematic and risky one

President Klaus Iohannis said that the budget draft for 2017 is a problematic and risky one, pointing that there is the real risk for the deficit of three percent to be exceeded, according to Ag...

PM Grindeanu says he does not share President's concern regarding 2017 budget

Prime Minister Sorin Grindeanu stated on Tuesday that he doesn't share the concern that President Klaus Iohannis expressed regarding the budget for 2017, according to Agerpres.

Iohannis: I request Government to abandon demarches on pardon and amendment of Criminal Codes

President Klaus Iohannis requests the Government to "abandon" the demarches regarding pardon and the amendment of the Criminal Code, Criminal Procedure Code, underlining that "the people's voice...

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Daily Info
Enel to invest 329 million Euro in Romania in 2017-2018
Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the implementation of pro...

Uber to launch carpool service in Romania by 2020
Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe after Poland in terms of Uber users....

BMW Group explores Romanian IT industry opportunities
BMW Group officials have come to Romania to start discussions about collaboration with IT&C companies to provide software solutions for BMW.

Illegal logging in Romania reduces in 2016
Preliminary data in a 2016 report on Romania's forestry indicate that illegal logging was down in 2016, said the Romanian Ministry of Water and Forestry (MAP), according to Agerpres.