News about Romania

The customs authorities of Moldova and Romania intend to develop cooperation in order to optimize cross-border traffic and ensure the security of the common border. Emphasis will be placed on the implementation of coordinated controls at border crossing points, as well as on the implementation of the computerized NCTS system under the new conditions applicable to the Republic of Moldova.

On February 27, the Brussels authorities announced the launch of an in-depth investigation into the Oltenia energy complex in Romania. The reason was doubts as to whether Bucharest had complied with EU conditions in the process of restructuring the complex or had abused state aid and violated competition rules on the domestic market.

Romania’s government has adopted two emergency decrees that include layoffs in the public administration and spending cuts, as well as a package of fiscal and support measures aimed at boosting economic recovery, Logos Press reported.

The largest Romanian company Geostud, specialized in geotechnical drilling for highway construction, has announced a partnership with MM Consulting&Engineering within a project of strategic importance for the development of the Republic of Moldova: reconstruction and widening of the national highway M3 Chisinau – Giurgiulesti – border with Romania, financed by the European Bank for Reconstruction and Development (EBRD), reports Logos Press.

A ship has appeared on the list of ships delivering sunflower from Argentina to the Black Sea countries, with Turkey/Moldova as its destination, Logos Press reported.

Sphera Franchise Group, the largest operator on the Romanian catering market, announced the arrival of the Taco Bell brand in Moldova, Logos Press reports.

In Chisinau, law enforcers detained two administrators of a call center engaged in fraud through fictitious investments in cryptocurrencies and financial services. In total, the damage caused to customers, mostly Romanian citizens, amounts to more than 9 million Moldovan lei, Logos Press reported.

The first batch of 34 works of art belonging to former Romanian Finance Minister Darius Vylkov, sentenced to 5 years in prison for money laundering, was sold at an ANAF (National Agency for Tax Administration) auction for a total of 791,450 euros, Logos Press reported.

Romania is currently negotiating with U.S. authorities on the status of potential Peace Council members as observers, the only provision Romania can accept due to “inconsistencies” between the Council’s Charter and Romania’s existing commitments, Logos Press reported.

Romania is a fairly large regional exporter of bananas, although the fruit does not grow in that country, according to Logos Press.

The opposition party Alternative for Germany (AfD) has registered in the Bundestag a Small Request to the federal government regarding the consequences of a possible unification of Moldova with Romania, Logos Press reports.

The European Bank for Reconstruction and Development (EBRD), together with the European Investment Bank (EIB) and the Romanian Commercial Bank (BCR) will finance the construction of two large solar power plants in southern Romania for a total amount of more than 85 million euros, Logos Press reports.

Europe’s largest food retailer, French chain Carrefour has announced the sale of its Romanian division. The buyer is Paval Holding from Romania, owned by the Paval brothers. Thus, Romanian Carrefourt will be completely under local management, reports Logos Press.

South Korean company Hanwha Aerospace has begun construction of an artillery gun factory in the Romanian city of Petresti, Logos Press reported.