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Romanian prime minister Marcel Ciolacu announced during the first government meeting this year that over 200 kilometers of highways and express roads are planned to be inaugurated in 2025.  Among the key projects highlighted was the Focșani-Brăila expressway, valued at over EUR 1 billion, for which multiple bids have been submitted, Agerpres reported. “In the…

The Romanian executive recently granted emergency approvals for banned bee-killing pesticides in clear violation of European regulations, according to the European branch of the well-known US political news outlet Politico. Specifically, the Romanian ministry of agriculture greenlit the use of Cruiser 350 FS – a neonicotinoid insecticide banned in the EU due to its devastating impact…

SevenX Ventures increased its stake in Holde Agri Invest, one of Romania’s largest agricultural land operators, the company announced. At the same time, Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, increased his holding in SevenX Ventures to 71%, resulting in a reduction of Vertical Seven Group’s stake…

Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate Călin Georgescu, focusing on “the manner and flows of money that arrived from various sources.” “It is an investigation alongside the judicial bodies,…

Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said.  One of the scenarios is to keep the compensation-cap scheme for…

Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. Umit Mirza Cavusoglu, president of the…

The European Commission has refused to grant a temporary derogation from the obligation to purchase greenhouse gas emission certificates (CO2) for natural gas and coal-fired energy produced by Romanian companies OMV Petrom and CEO for the Republic of Moldova, according to Profit.ro quoting energy minister Sebastian Burduja.  Romania and Moldova requested such a derogation recently…

Romania’s Competition Council announced on January 9 that it found that the country’s three major cement producers, Holcim Romania, Romcim, and Heidelberg Materials, were responsible for price collusion and decided fines in a total amount of RON 217 million (nearly EUR 44 million). Holcim, which has to pay the largest part of the total fine…

International rating agency S&P announced it would carry out its first review of Romania’s rating on January 24 and another two times later this year in April and October, according to Profit.ro. The review calendar includes a supplementary assessment on the first of the month, compared to the typical bi-annual calendar, according to Profit.ro –…

The Romanian owner of the major local dairy Simultan, Florin Herbai, is in talks about selling the company to a foreign investor, according to Economica.net. “We have been discussing selling [the company] for about eight months. I received an offer, and I am ready to sell it for the right price,” said Herbai, who, together…