A street in the town of Slănic in Prahova county, some 120 north of Bucharest, partially collapsed on Thursday morning, April 25, forming a 2-meter deep crater on an area of over 60 sqm, the authorities announced.
Residents living nearby were evacuated while specialists checked the area.
“Considering the emergency situation in the town of Slănic in Prahova county, generated by land subsidence, followed by the formation of a crater with a depth of approximately 2 meters...
Romania’s president Nicuşor Dan signed 96 decrees approving the retirement of magistrates on August 1, with most leaving the judiciary immediately and the remainder scheduled to retire on September 1, Cursdeguvernare.ro reported. Among those stepping down is Corina Corbu, President of the High Court of Cassation and Justice (ICCJ). The wave of retirements...
The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed […]
Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026,
The system of pensions paid to military personnel should be changed gradually until 2035 to avoid losing personnel, minister of defence Ionuț Moșteanu said in a Digi24 interview, implying that the European Commission...
Romanian finance minister Alexandru Nazare, in an interview given to Digi24, said that the payment of pensions and wages in the budgetary sector depends on the budget amendment that must earmark supplementary funds to these categories, Cursdeguvernare.ro reported. Romania...
The Romania Manufacturing PMI index, calculated and published by BCR Erste Group, deteriorated to 48.4 in July from 48.7 in June as all the components but the inventory (stocks of purchases) made a weaker contribution in the month. Demand (new orders) component returned to its 1-point negative contribution seen a year ago, after the deep […]
