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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, 01 February 2025

February 1, 2025 UPDATE 2

INVESTIGATION – European Parliament Vice-President Victor Negrescu, has called for the launch of a European action plan to recover the four...

February 1, 2025 UPDATE 2
Newsflash
Newsflash Saturday, 01 February 2025

February 1, 2025 UPDATE 1

2025 BUDGET – The Government has passed Romania’s draft budget for 2025 without modifying any taxes. According to Prime Minister Marcel...

February 1, 2025 UPDATE 1
Newsflash
Newsflash Saturday, 01 February 2025

February 1, 2025

2025 BUDGET – The Government has passed Romania’s draft budget for 2025 without modifying any taxes. According to Prime Minister Marcel...

February 1, 2025
Newsflash
Newsflash Friday, 31 January 2025

January 31, 2025 UPDATE

GOVERNMENT The Romanian government has completed all the preliminary procedures before passing the draft 2025 state budget law on Saturday. According...

January 31, 2025 UPDATE
Newsflash Friday, 31 January 2025

January 31, 2025 UPDATE

MOLDOVA Romania has stood by the Republic of Moldova and will continue to do so, in order to increase its energy resilience and support it in its EU...

January 31, 2025 UPDATE
Newsflash Friday, 31 January 2025

January 31, 2025

Budget. The Romanian government is analysing the state budget and the social security budget for 2025. The two bills comply with the deficit target...

January 31, 2025
Newsflash Thursday, 30 January 2025

January 31, 2025 UPDATE 2

Budget – Romania’s draft budget law for 2025 is going through the last stages of debate before the Government approves it in a meeting...

January 31, 2025 UPDATE 2
Newsflash Thursday, 30 January 2025

January 30, 2025 UPDATE 1

Candidacy – The president of the opposition Save Romania Union (USR), Elena Lasconi, will run again in the presidential election in May. She...

January 30, 2025 UPDATE 1

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