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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 Thursday, 21 November 2024

November 21, 2024 UPDATE

A roundup of local and international news. RULING – The International Criminal Court issued arrest warrants on Thursday for Israel’s Prime...

November 21, 2024 UPDATE
Newsflash
Newsflash Thursday, 21 November 2024

November 21, 2024

Election – The first round of the presidential election takes place in Romania on November 24. The second round is scheduled for December 8, and...

November 21, 2024
Newsflash
Newsflash Wednesday, 20 November 2024

November 20, 2024 UPDATE

Schengen – The Romanian Interior Minister, Cătălin Predoiu on Wednesday talked, during a video conference, with his Hungarian counterpart,...

November 20, 2024 UPDATE
Newsflash
Newsflash Wednesday, 20 November 2024

November 20, 2024

BONDS – Foreign investors are showing great interest in the Romgaz bond issue, according to the company’s CEO Răzvan Popescu. He says...

November 20, 2024
Newsflash Wednesday, 20 November 2024

1,000 days of war in Ukraine

Representatives of several states, politicians and diplomats conveyed messages of support on the anniversary of 1,000 days since Russia launched its...

1,000 days of war in Ukraine
Newsflash Tuesday, 19 November 2024

November 19, 2024 UPDATE

  PARLIAMENT The parliament of Romania convenes on Wednesday to approve 2 inquiry committees and their membership. The joint standing bureaus...

November 19, 2024 UPDATE
Newsflash Tuesday, 19 November 2024

November 19, 2024

A roundup of local and international news.   MESSAGE – Despite 1,000 days of terrible warfare, Ukraine stands unbowed, the US Ambassador in...

November 19, 2024
Newsflash Monday, 18 November 2024

November 18, 2024 UPDATE

VISIT – The president of Romania, Klaus Iohannis, on Monday visited the Documentation Centre for Displacement, Expulsion, Reconciliation in Berlin...

November 18, 2024 UPDATE

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