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.
The German STIHL Group has officially inaugurated its first production facility dedicated exclusively to battery-powered equipment in Oradea, western Romania, on Wednesday, October 15, after an EUR 125 million investment. Construction began in March 2024 and was completed in less than 18 months. The factory will gradually increase its production capacity, reaching an annual volume of […]
Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania. The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to
Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]
