The presidential elections in Russia were "neither fair, nor democratic, nor free", Foreign Affairs minister Luminita Odobescu said on Monday before attending the Foreign Affairs Council in Brussels."There is no need to comment on the results of the presidential elections in Russia. We all know that these elections were neither fair, nor democratic, nor free. Romania condemns the organisation of the presidential elections in Russia in the illegally annexed territories of Ukraine, but also in the regions of the Republic of Moldova - Transnistria or in Georgia - South Ossetia or Abkhazia, which were held in violation of international law," said minister Odobescu.She also condemned the recent Russian attacks on Ukraine and spoke of the need to support the neighbouring country."The very important and urgent matter is EU military support and I welcome the adoption of the support fund for Ukraine. It is an important step forward in terms of providing Ukraine with much needed ammunition and military equipment," the Romanian minister said.She added that Romania supports the adoption of a new package of sanctions, the fourteenth, against Russia."It is very important to limit Russia's ability to attack Ukraine. Romania also supports the adoption of new sanctions against Russia in the field of human rights," added Luminita Odobescu.
CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]
The Romanian Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a EUR 20 million commitment, becoming the fifth national promotional institution to back the EIF-led instrument. The fund, which backs growth-stage companies across Central and Eastern Europe, has now reached EUR 100 million in national contributions from Romania, […]
2025 will end with over 1,000 premium and luxury dwellings delivered in new residential projects from Bucharest and its surroundings, a record for the recent history of the local residential market, according to a market report issued by real estate consultant SVN Romania. The surge is driven by several medium- and large-scale developments, each featuring […]
Transgaz (BVB: TGN), the operator of the national natural gas transmission pipeline system, has increased its consolidated net profit almost fivefold in the first nine months of the year, compared to the same period in 2024, rising from RON 144.7 million (EUR 28.5 million) to RON 682 million (EUR 134.1 million), according to the report. Transgaz’s […]
The griffon vulture (Gyps fulvus), a species that has been extinct in the country for over 70 years, will be reintroduced in a project carried out by nature conservation non-profit Conservation Carpathia Foundation (FCC). The project, part of wider efforts to restore biodiversity in the Făgăraș Mountains, will be carried out in several stages, in […]
azitis.com, a major auction platform in Romania, announced the sale of three aircraft frames that were previously part of the fleet of now-bankrupt airline Blue Air. The engine-less aircraft were each sold for over EUR 45,000 and are set to be converted into hotels and restaurants. The aircraft sold are Boeing 737-530, Boeing B737-5L9, and […]
