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.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
