Klaus Iohannis announced on Monday his resignation as President of Romania. He said he will leave office on February 12."In order to spare Romania and the Romanian citizens from this crisis, from this negative evolution, I resign as President of Romania. I will leave office the day after tomorrow, on February 12," Klaus Iohannis told a press conference held at the Cotroceni Presidential Palace on Monday.The suspension procedure is a "useless", "unfounded" and "painful" step, Iohannis said."It is a useless demarche because in a few months I will be leaving office, anyway, after the election of the new president. It is an unfounded demarche, because I have never violated the Constitution. And it is a detrimental demarche, because everybody loses, nobody wins. In a few days, Romania's Parliament will vote on my suspension and Romania will go into crisis, because the referendum to impeach the President will be triggered. This whole endeavor will have internal and, unfortunately, also external consequences," said the president.He mentioned that internally, the referendum will be "eminently negative", because society will be divided."Some will agree, some will disagree. The whole discussion will be one focused only on the negative. The whole of society will be in turmoil. There will be no more discussion about the upcoming presidential election. There will be no discussion about how Romania will go forward. The candidates will not even be able to present their ideas in this negative amalgam. Externally, the effects will be lasting and very negative. Absolutely none of our partners will understand why Romania is dismissing its president, after the procedure for electing a new president has, in fact already begun. Absolutely no one will understand the point of such a step when the incumbent president will leave anyway. We will be the laughing stock of the world," Klaus Iohannis added.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
