Romania's High Court maintained on Wednesday a 2 year prison sentence applied by the same court for former prime minister Adrian Nastase earlier this year. The final verdict in the so-called "Quality Trophy" case is unprecedented in Romania, as Nastase is the highest ranking former official in the country to be sentenced for corruption in the country. The case relates to Nastase's 2004 election campaign, when according to the charges he covered fund raising for the campaign by organizing a fee-based symposium. The verdict was announced three years and four months since the case was sent to court.
updating
Joining the OECD, macro-budgetary balancing, an efficient and high-performing education system, a framework for attracting investments, and the continuation of transport infrastructure projects are the strategic objectives of the 2024-2028 mandate. The next mandate is the last window of opportunity for Romania to reduce the gaps with the EU average by maximizing funding from European […]
Bucharest Stock Exchange (BVB) awards the 15 finalist companies of the BVB Arena 2024 program. Romania-Insider.com will live-stream the Awards Gala event, taking place on Thursday, September 26, starting at 7:30 PM.
A new index developed by the Institute for Visionary Cities reveals that Brașov is considered the most attractive city in Romania. Cluj-Napoca ranks second, followed by Oradea (3), Sibiu (4), and Timișoara (5). The top 10 most attractive cities for living are completed by Constanța (6), Bucharest (7), Iași (8), Alba Iulia (9), and Piatra […]
LSEG (London Stock Exchange Group), a leading global provider of financial infrastructure and data, announced that its team in Romania has a new office in Cluj-Napoca. LSEG's team of 210 employees now works in the new building, The Office, with state-of-the-art facilities, located in the city center of Cluj-Napoca. “Cluj-Napoca is an important technology hub […]
Skanska has partnered with WasteTracker, a startup specializing in smart waste tracking, to introduce its innovative system to its portfolio of buildings in the region, including Romania. One of the seven projects is Equilibrium in Bucharest, the company said. The WasteTracker system allows tenants to record and measure the amount of waste produced before it […]
Temperatures in Romania are expected to drop sharply from highs of 33-34 degrees Celsius to around half that over the weekend due to the storm formations over the Atlantic and Mediterranean Sea. The heavy rainfall is a cause of concern as it may increase the risk of flooding on the Danube river. Warm weather will be […]
