Prime Minister Marcel Ciolacu stated on Thursday, in a discussion with journalists at the Victoria Palace, that he wants to organize a referendum for Rosia Montana, to see if the Romanians agree with gold mining. The statement comes in the context of the expected pronouncement of the decision by the international arbitration court on compensations or the possibility of gold exploitation on Friday, March 8. “I would say to organize a referendum for Rosia Montana. Let’s see if the Romanians agree to start gold mining”, declared Ciolacu. A decision in the case of Rosia Montana is expected on Friday, and depending on this the negotiation strategy will be formulated, announced the Minister of Finance, Marcel Bolos, who explained that “there is also the option not to pay anything, but to carry out the exploitation”. “We were informed that during the day of Friday the decision will be pronounced by the international arbitration court. We are waiting to see what this decision will be and then we will formulate our negotiation strategy and depending on what the coordinates of this negotiation strategy will be, we will go through the necessary stages to reach a consensus with the beneficiaries of that decision”, said Minister Bolos. Asked if an extraordinary appeal was still possible, the finance minister said yes, but that “it’s moving quite quickly”. “It’s possible, but it’s happening pretty quickly. Such are the customs of international arbitration courts and the prospect of changing the decision that will be pronounced on Friday, following the discussions with the lawyers, is quite small”, said Bolos. In June 2017, the Canadian company Gabriel Resources, the majority shareholder Rosia Montana Gold Corporation, summoned Romania to court at a World Bank Tribunal, where it claimed losses of billions of dollars because the Government in Bucharest decided not to approve the exploitation of the gold mine Rosia Montana. The total updated value of the compensation requested by the companies Gabriel Resources Ltd. and Gabriel Resources (Jersey) in the international arbitration case opened against Romania, related to the “Ro?ia Montana gold mining project”, amounts to approximately USD 6.7 billion.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
