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Romania, under the sign of referendums. The stakes of Iohannis’s referendum vs. PSD’s strategy

January 26, 2017

President Klaus Iohannis and PSD leader Liviu Dragnea are engaged in a “war of referendums.” The Head of State was the first to announce the holding of a plebiscite. On Monday evening, Iohannis announced he wants a referendum on the changes brought to the judiciary laws, and on Tuesday morning he sent to the Speakers […]

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RCBB Gruppe Completes Two Major Projects in Bacău County

RCBB Gruppe, a leading company in the field of construction and site management, announces the successful completion of two major projects in Bacău County: the new school building of the “Sfântul Iosif” Catholic National College in Bacău city and the Balneo-Tourism Complex in Sărata (opening photo). Both projects were delivered on time and in full […]

Controversial judge is sole candidate for top seat at High Court in Romania  

Lia Savonea, currently serving as a judge at the High Court in Romania, is the only candidate for the top seat in the institution in a selection process initiated by the Superior Council of Magistracy four months before the end of the term currently held by Alina Corbu. The timing, the absence of other candidates, […]

Romanian Court of Auditors finds irregular bonuses and project delays at Transelectrica  

The Romanian Court of Auditors has completed an audit of national electricity transmission operator Transelectrica (BVB: TEL) for the period 2020–2022, uncovering irregularities in salary payments and delays in infrastructure projects, Ziarul Financiar reported on June 17. According to the audit...

Eastern Romania: Turkey’s CCN Group wins contract to build emergency hospital in Iași

Turkish construction and infrastructure company CCN has been awarded the contract to build the Regional Emergency Hospital in Iași, following a re-evaluation of bids by Romania’s National Agency for Health Infrastructure Development (ANDIS),

Romania braces for incoming taxes and price hikes for energy, basic foods in July

Romania is set to see prices rise in July as several governmental measures limiting costs will be removed, while taxes will be hiked. Energy and food will be among those becoming more expensive. The fiscal measures that the new Government is expected to announce will come into effect in two stages: some starting from July […]

Car parts producer Forvia closes its second unit in Romania

Auto parts manufacturer Forvia, the group formed by the merger of Faurecia and Hella, is closing its development center in Iași, northeastern Romania.  A number of 74 employees will be affected by voluntary layoffs, the company confirmed to