March 17, 2023

Timisoara has entered the annual World’s Greatest Places top of „Time” magazine

The Romanian city of Timisoara is among the recommended destinations to visit in the annual World’s Greatest Places, compiled by the American magazine „Time”. The description mentions that the city laying on the Bega River will hold the title of European Capital of Culture in 2023, and also points out important historical landmarks, such as being the first European city with electric street lighting in 1884, and being the site of the spark of the December 1989 anti-communist revolution. Time magazine also notes important cultural events announced this year, such as the Victor Brauner and Constantin Brancusi exhibitions.

Romanian MEPs support strong legislation to encourage organic farming

Although they practice a much „greener” agriculture than in other EU Member States, Romanian farmers are not supported enough by the authorities, said PSD MEP Carmen Avram. A citizens’ initiative to save bees and farmers is to be debated by the Brussels executive, after being debated in the European Parliament on Thursday. More than one million signatories are calling for the phasing out of pesticides that kill bees by 2035. MEPs agreed that strong legislation is needed to encourage organic farming free from the use of substances harmful to public health and the environment. „Romanian farmers know that without bees there is no agriculture, that’s why they use the least pesticides per hectare in the European Union”, said Carmen Avram. „Meanwhile, Romanian farmers have among the lowest subsidies,” she added. USR MEP Vlad Gheorghe also called for more support for clean farming. „Romania is the second country in the EU in terms of the number of hives, we export 9,000 tonnes of honey annually to all member countries and all over the world. We have a duty to allocate more money for organic farming, for those who respect the land and healthy traditions, for clean air, water and soil”, said Vlad Gheorghe.

The Romanian Government will support all necessary measures to protect the interests of policyholders affected by banckrupcy of a car insurance company

The Romanian Government said on Friday that it will support all necessary measures to protect the interests of policyholders affected by developments in the motor third party liability market. The Financial Supervisory Authority (ASF) has decided to withdraw the operating licence of Euroins Romania, noting indications that the company is in a state of insolvency. The ASF also decided to open bankruptcy proceedings and to appoint the Insurance Guarantee Fund as interim administrator of Euroins, with the task of ensuring the administration and management of the insurer’s business and taking the necessary measures to preserve its assets. The duties of Euroins’ management were suspended by operation of law. Eurohold, based in Sofia, Bulgaria, is the group that owns the car insurance company Euroins. On Friday, Eurohold announced that it will challenge the ASF’s decision on Euroins’ bankruptcy proceedings, a measure it considers abusive and irresponsible, especially in the current situation of the Romanian insurance market. In addition, the ASF decision would not take into account the position of the Bulgarian financial regulator, which is in direct violation of European law and could lead to harsh measures at international level, warns Eurohold management.

Magda Baciu