Romanian prime minister Victor Ponta has announced that he decided to step down from the leadership of his Social Democratic Party (PSD) until he proves his innocence against the charges anti-graft prosecutors have issued against him. He made the statement weeks after the National Anti-Corruption Department (DNA) launched a graft investigation against him, prompting insisting calls - including President Klaus Iohannis' - for him to step down as head of government, which he has rejected so far.
UPDATE PSD interim president Rovana Plumb later today said Ponta did not resign, but stepped down temporarily as head of the party. She said Ponta's resignation as prime minister was out of the question as it would provoke a "major political crisis". And she said she would serve as interim until the next party congress, which is due next year.
Taiwanese group DDK, one of the world's largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group's plan to open a production facility in the country, according to
The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova's sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to
The European Commission reportedly refused Romania's plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a […]
In line with broad consensus, Romania's central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting. Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and […]
Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel...
Update: Bucharest Mayor Nicusor Dan won the Romanian presidential election on May 18, according to the official vote count. With 98.5% of the ballots counted, Nicusor Dan had 54.17% of the votes, 900,000 more than his opponent, nationalist George Simion. A record turnout both in the country and abroad helped Dan come back from 1.88 million […]
