President Klaus Iohannis on Tuesday promulgated a law that provides for an increase in Romania's capital subscription in the European Bank for Reconstruction and Development by 1,936 shares worth EUR 19,360,000.The paid-up capital of EUR 19,360,000 is paid starting with 2025 by bank transfer in euros in equal annual instalments until April 30, 2029.Romania has been a member of the EBRD since 1991.According to the explanatory memorandum of the law initiated by the government, as of December 31, 2023, the EBRD's share capital was standing at EUR 29.760 billion.
On Friday, January 3, aerospace and defense company Raytheon Technologies was awarded a USD 946 million contract by the US Pentagon to deliver an additional Patriot missile systems to Romania, aimed at bolstering the country's air defense capabilities by 2029. The contract, which includes advanced radars, control stations, and interceptor missiles, marks Romania's third order […]
Romanian mountain rescuers announced on Friday, January 3, that they registered a record number of interventions and 161 calls for emergency assistance in the past 24 hours. A total of 162 people were rescued, over 100 of whom required transport to a hospital. "An unwanted absolute record of mountain rescue and first aid interventions in […]
Far-right politician and former presidential candidate Călin Georgescu announced in a message on X that he will appeal the annulment of the Romanian presidential elections before the European Court of Human Rights. On December 6, 2024, as Romanians abroad had already begun to vote, Romania’s Constitutional Court (CCR) unanimously annulled the entire presidential election process, […]
Romania seems poised to become a bigger tourist attraction in 2025 after being recommended as a stellar destination by Vogue and CNN. Both publications signal that their choice for Romania was determined by the overtourism noticed in other locations. “The lifestyle editors at Vogue thought long and hard about the best places to travel in […]
The American Chamber of Commerce in Romania (AmCham Romania) expresses its concern over the fiscal measures announced by the Government, but also about the immediate deadline for their implementation, January 1, 2025, which puts the business environment in a difficult situation and further affects economic predictability and investor confidence."Over the past five years, AmCham […]
Romania has become a full member of the Schengen Area at midnight, in the night between Tuesday, December 31, and Wednesday, January 1.Thus, after joining the free movement space with its air and sea borders, as of Wednesday, Romania also joined the Schengen area with its land borders.According to the General Inspectorate of the Border […]
