U.S. President Biden will welcome President Klaus Iohannis of Romania to the White House on May 7. The leaders will celebrate Romania's 20th year as a member of the NATO Alliance, press secretary Karine Jean-Pierre announced on Monday, according to the White House website.According to the quoted source, President Biden will thank President Iohannis for hosting U.S. servicemembers in Romania, and recognize the many contributions that Romania, a stalwart NATO Ally, has made to security on NATO's eastern flank, particularly in the Black Sea region.The leaders will underscore their continued support for Ukraine as it continues to defend itself against Russia's aggression. They will also review the many areas in which Romania and the United States work together, including energy, economic cooperation, and our shared democratic values.Klaus Iohannis will receive on May 8, during a ceremony in Washington, the Distinguished International Leadership Award granted by the Atlantic Council for his outstanding career, for Romania's exemplary leadership and for his role as a transatlantic and European leader, according to the institution's website.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
