Just as the Romanian government cannot take back a farm that was restituted to the family from whom it was stolen without paying its fair value, so it cannot confiscate another family’s right to receive a different farm in restitution by payment of a mere pittance of its true value. But that is precisely what the Romanian Government contemplates doing through a draft law that would confiscate 85% of the property rights of thousands of victims of Romanian communism and fascism - inviolable rights that were granted to them twelve years ago by law. The Draft Law proposes to take 85% of the value of all pending claims by owners of properties that were seized by Romania's Communist government between 1945 and 1989 without compensation. It is proffered in total disregard of Romania’s constitutional provisions prohibiting such acts and in violation of Protocol One of the European Convention of Human Rights to which Romania is a signatory and which recognizes property rights as human rights.
As one of Romania's premier international schools, Cambridge School of Bucharest (CSB) continues to shape the future of education with its comprehensive curriculum, cutting-edge facilities, and unwavering commitment to nurturing the next generation of global leaders. With a thirty-year track record of success, CSB is a key player in Romania’s international education sector, continuously adapting […]
The Brașov airport, in central Romania, will submit documentation to the European Commission requesting approval for state aid, according to media reports. The Brașov County Council is in the final stages of discussions with the Competition Council regarding the documentation that will be submitted to the European Commission, with the final deadline for the notification […]
ARIR (the Romanian Investor Relations Association), the promoter of the Investor Relations (IR) concept, invites companies listed on the Bucharest Stock Exchange to apply for the awards for excellence in investor communication, which will be presented at the Gala by ARIR 2024, on November 26. This year, there will be 9 award categories, with the […]
Franchwise, the largest consulting company specializing in the field of franchises in Romania, organizes on October 15-16, 2024, at Radisson Blu Bucharest, the Franchwise Summit, a reference event for this industry. The summit will bring together entrepreneurs, investors, and leading experts from various industries in a landmark event for all those interested in exploring franchise […]
Damen said it signed a contract with the City of Toronto in Canada for the delivery of two fully electric ferries. The vessels will be built at the company’s shipyard in Galaţi, Romania, using a design produced by Quebec-based Concept Naval. The ferries will be 50 meters long with a maximum beam of 13 meters. […]
The Romanian Ministry of Defense announced that on Friday, September 27, a Russian drone briefly entered Romanian airspace during an attack on the Ukrainian city of Izmail, near the border. Spanish F-18 aircraft, in addition to Romanian F-16s, were scrambled in response to the violation of Romanian airspace. Residents in northern Tulcea County were also […]
