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Banks agree to give their debtors grace periods amid Covid-19 crisis

April 21, 2020
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No-confidence motion against Romanian PM Ilie Bolojan’s government fails in Parliament

The Romanian Parliament rejected on Monday, December 15, a no-confidence motion against the government led by Liberal (PNL) prime minister Ilie Bolojan, with the initiative falling well short of the votes required to bring down the cabinet. The motion received 139 votes in favor, far below the 232 needed for adoption, according to

How Dragos Dobrescu Is Setting a New Standard in Senior Care with Vitalitas

Dragos Dobrescu, founder of Monolit and the visionary behind the Vitalitas senior care campus There are entrepreneurs who build businesses, and then there are entrepreneurs who build standards. Dragos Dobrescu, founder of Monolit and one of the discreet architects of Romania’s modern urban landscape, belongs firmly to the latter category. For more than three decades, […]

“Garden of Memories” initiative commemoretes 1989 Revolution in Bucharest

“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square.  Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]

Romanian-founded AI startup Runware attracts USD 50 mln Series A funding

Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]

Former justice minister Rodica Stănoiu exhumed by Romanian prosecutors

The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence.  ...

Romania now requires mandatory RCA insurance for bicycles and electric scooters

Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...