​Polling stations across Romania opened early on Sunday for a referendum in which suspended President Traian Basescu faces the vote of the people, who are to choose whether to dismiss him from office or not. The referendum comes three weeks after a decision by the Parliament to suspend the President on grounds that he breached the Constitution, a move which has been described by Basescu and his supporters as a "coup d'etat" and which was based on measures harshly criticized across the European Union. The suspended head of state and his political supporters have urged the people to resist this by refusing to cast their vote today.
Romanian banks’ aggregated profit (EUR 752 million) and profitability ratios in Q2 remained around those seen in Q1, meaning slightly below the performance in the same period last year, according to data published by the National Bank of Romania (BNR). The non-performing loans (NPL) ratio, however, rose slightly to 2.8% at the end of June, […]
The Foreign Direct Investment Review Commission (CEISD) confirmed on August 20 that it had decided not to approve the transaction by which Hungarian state-owned MVM intends to acquire the gas and electricity supply division of E.ON Energie Romania. "Following the conclusions resulting from the detailed research procedure, CEISD decided to submit to the Supreme Council […]
Deputy prime minister Tanczos Barna stated on August 20, speaking for Digi24, that following the public administration reform included in the second package of fiscal measures, 40,000 positions in local and central administration will be abolished. The figure is not included in the substantiation note published by the Development Ministry along with the bill on […]
The construction works volume index increased by 2.8% y/y and by 1.4% q/q in seasonally-adjusted terms in Q2, according to data published by the statistics office INS. In Q1, the index rose by 10.6% y/y on low base effects after unusually weak performance in January-February 2024. In 2024, the construction activity eased by 5.9% y/y […]
The largest classical music event in the country begins in Bucharest, where a celebration of dance is also scheduled downtown. Meanwhile, indie spirit is in focus at a festival in the village of Hosman, and...
Romania’s National Cyber Security Directorate (DNSC) has issued a warning about a new online scam that fraudulently uses the image of president Nicușor Dan in so-called “quick investment” schemes. According to authorities, the fraudulent campaign relies on manipulated video materials, known as deepfakes, in which the president appears to promote a fake investment opportunity...
