Former President Traian Basescu has gone to the Bucharest District 5 Courthouse in a case where the General Prosecution Service is asking for the reopening of Basescu's criminal investigation over one of his statements in 2007 when he was suspended from office. The General Prosecution Service has opened a criminal file on Basescu based on a complaint against Basescu filed by Ioan Serb. Initially, the request was filed with the Supreme Court of Justice and Cassation, which declined jurisdiction in favour of Bucharest District 5 Courthouse. "Somebody asked that I be prosecuted for false statements, for having said in 2007 that I will resign office in five minutes and did not follow through. And now, the General Prosecution Service, is asking for the case to be reopened," Basescu said early this October. On April 17, 2007, Basescu said that if Parliament votes for his suspension from office he will resign in five minutes."If, despite the opinion of the Constitutional Court, Parliament votes for my suspension, five minutes, at the longest, after the vote I will resign and summon before the voters the generators of this constitutional abuse," Basescu told a news conference at the time. Later on, Basescu retracted his resignation decision. The General Prosecution Service has opened various criminal files on Basescu following complaints filed against him by various persons.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
