The Romanian Parliament convened on Friday afternoon to vote on a request to impeach President Traian Basescu. The votes of 217 members are needed to suspend the President, and the governing alliance of Social Democrats and Liberals (USL) hold by themselves 212 votes. The Constitutional Court issued an advisory ruling on the request earlier today, but gave no final ruling whether the arguments including in the impeachment request were valid. The vote comes as EU pressures intensify on USL, an alliance accused of threatening the rule of law. In his speech at the beginning of the Parliament session today, Basescu pointed out that, for USL, more important than his suspension the interest to take hold of all reigns of power, including justice.
UPDATE 8.10 p.m. Parliamentary debates are over. Voting on President Basescu's impeachment has started
UPDATE Senate speaker Crin Antonescu - a Liberal who is due to take over as interim President if Basescu is suspended, said he would witdraw from politics if Basescu is not dismissed in a referendum
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
