Romanian Government adopted an emergency ordinance to address the severe disruption caused by various factors affecting the country's economy

The document addresses the current challenges faced by the agricultural sector in Romania, primarily due to the Russian aggression against Ukraine starting in February 2022 and the severe soil drought experienced nationwide in 2023. The analysis includes a synthesis of meteorological data for January, April, July, and October 2023, highlighting higher-than-usual air temperatures, erratic precipitation patterns, and soil water reserves. The urgency of this ordinance is emphasized due to the potential negative impact on agricultural producers, affecting their ability to meet contractual obligations and risking over-indebtedness or cessation of agricultural activities.

In this alert, you will read more about the key points outlined in the ordinance and the conclusions.