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August 25, 2015 UPDATE

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August 25, 2015 UPDATE
August 25, 2015 UPDATE

, 25.08.2015, 12:05

The Agriculture Ministry has earmarked 145 million euros for 2016 for the start of rehabilitation works on the main irrigation infrastructure, but a political agreement is needed so that the same amount may be allotted for seven running years, the Romanian Minister of Agriculture and Rural Development announced on Tuesday. Daniel Constantin presented the Agriculture Committee in the Chamber of Deputies with a report on the damages caused by the drought this year. The farmers, who say losses amount to 2 billion euros, asked for the support of the Government. According to surveys conducted by the World Bank, the revamping of the main irrigation infrastructure in Romania requires around one billion euros.



The worlds stock markets on Tuesday surged back in spite of continuing fears of a Chinese economic slowdown, after Chinas central bank announced a cut in interest rates. The market in Shanghai on Monday shrank by 8.5%, the biggest drop in the past 8 years, despite of the authorities attempts to re-launch exports and economic operations and thus dispel investors concerns. Meanwhile on Monday the euro hit its record high value this year, exceeding the 1.17 threshold against the US dollar. The price for oil also dropped below the 40-dollar mark for the first time in the last six and a half years.

Newsflash
Newsflash Saturday, 26 April 2025

April 26, 2025 UPDATE

Funeral. Dozens of heads of state and government, including Romania’s interim president, Ilie Bolojan, Prime Minister Marcel Ciolacu and senior...

April 26, 2025 UPDATE
Newsflash
Newsflash Saturday, 26 April 2025

April 26, 2025 (update 15.00)

Funeral. Dozens of heads of state and government, including Romania’s interim president, Ilie Bolojan, Prime Minister Marcel Ciolacu and senior...

April 26, 2025 (update 15.00)
Newsflash
Newsflash Saturday, 26 April 2025

April 26, 2025

Funeral. Dozens of heads of state and government, including Romania’s interim president, Ilie Bolojan, Prime Minister Marcel Ciolacu and senior...

April 26, 2025
Newsflash
Newsflash Friday, 25 April 2025

April 25, 2025 UPDATE (II)

CCR. The High Court of Cassation and Justice has admitted the appeals against the decision by which the Ploieşti Court of Appeal had admitted a...

April 25, 2025 UPDATE (II)
Newsflash Friday, 25 April 2025

April 25, 2025 UPDATE

Elections. The presidential elections in May will take place, assures the Romanian Minister of Justice, Radu Marinescu, after a judge from the...

April 25, 2025 UPDATE
Newsflash Friday, 25 April 2025

April 25, 2025

POPE The last preparations are being made at the Vatican for the funeral of Pope Francis, due tomorrow morning in St. Peter’s Square with scores of...

April 25, 2025
Newsflash Thursday, 24 April 2025

April 24, 2025 UPDATE

Pope Francis – The Romanian government declared Saturday, April 26, a day of national mourning for the funeral of Pope Francis, who died on...

April 24, 2025 UPDATE
Newsflash Thursday, 24 April 2025

April 24, 2025

POPE FRANCIS The government of Romania declared Saturday, April 26 a day of national mourning for the funeral of Pope Francis, who died on Monday...

April 24, 2025

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