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.
The Minister of Economy, Radu Miruta is taking over the interim position at the Ministry of National Defense, after the decree appointing him to this position was published in the Official Gazette of Romania on Friday evening.The decree noting the resignation of Ionut Mosteanu, Deputy Prime Minister, Minister of National Defense, was also published in […]
The joint plenary session of the Chamber of Deputies and the Senate in which the Government is to pledge responsibility for the draft law on magistrates' pensions will take place on Tuesday afternoon.The joint standing bureaus of Parliament decided on Friday that the joint plenary session dedicated to pledging responsibility for the Government's draft law […]
Romania is risking a penalty from the European Commission for failing to meet the National Recovery and Resilience Plan (PNRR) milestone regarding the appointments in state-owned companies, but it is not in a situation of fully missing the target, Government Spokesperson Ioana Dogioiu said on Thursday."The Agency for the Monitoring and Evaluation of the […]
The Bulgarian Council of Ministers approved a Memorandum and Plan of Action among the governments of Bulgaria, Greece and Romania, www.actualno.com informs. In this document, the three countries engage in coordinated actions to ensure the future connection between the Aegean Sea, Black Sea and the Danube by joint road and railway projects. The […]
Romania's population is going through a sharp aging process, similar to the global trend, given that, in July 2025, the number of people over 65 exceeded the number of children under 14 by 35.4%, according to data from an insurance company.The demographic aging index increased from 126.8 (as of January 1, 2024) to 132.4 (as […]
The Bucharest City Hall will start the winter holidays on Saturday, with the opening of the Christmas Market in Constitution Square.Also on Saturday, the winter season lights will be turned on and the Bucharest Downtown Christmas Market in University Square will begin, according to a press release sent on Wednesday by the Bucharest Municipality.Thus, on […]
