The Chamber of Deputies' plenum on Wednesday adopted an emergency ordinance that regulates the right of persons holding a driving license issued by states outside the European Union, while not holding an international driving license as well, to drive vehicles on public roads in Romania.The normative act supplements the Government Emergency Ordinance no. 195/2002, in the sense that it creates the legal premises for persons who do not hold an international driving license to be able to drive vehicles on public roads in Romania, based on a treaty regarding the mutual recognition of driving licenses concluded between Romania and such states that are not member of either the Convention on Road Traffic or the European Union.According to the draft law, both the driving periods and the respective states will be established by Government decision, as follows: states with which Romania has strategic partnerships, states that are members of the North Atlantic Treaty Organisation or the Organisation for Economic Cooperation and Development.The draft laws also grants the right to drive vehicles on public roads in Romania to members of diplomatic missions, consular offices and representatives of international organisations accredited in Romania, during the accreditation period.The normative act was also adopted by the Senate, with the Chamber of Deputies being the decision-making body in this case.
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
