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.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
