Romania's Constitutional Court (CCR) decided on Thursday to postpone until September 12 a decision on the validation of the Sunday referendum to dismiss the president, in which not enough votes were cast to exceed a 50% turnout threshold needed for the ballot to take effect. The news was announced by a CCR judge, quoted by TV news channels. The Court decision to postpone such a decision does little to solve the political crisis affecting Romania for the past weeks. Romania's central bank governor was among the last to warn today that a calmer domestic political life would help alleviate pressures on the economy.
UPDATE CCR later issued a press release showing that the postponement of a decision was due to "contradicting data" regarding the number of people on electoral lists.
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
Real estate developer STC Partners has finalized the acquisition of a plot of land in Pipera, on the northern edge of Bucharest, where it will develop the residential project Quartier Pipera. The plot has a surface area of over 1.6 hectares and will host more than 450 homes. Quartier Pipera will start construction in Q2 […]
Electroputere VFU Pașcani, part of the group of private railway companies Grampet, presented on June 19 the diesel multiple unit (DMU) named Leon. The train, designed and made by Electroputere VFU Paşcani, is the first DMU entirely made in Romania in the last 80 years, the company explained. The three-car DMU has 145 seats, including […]
The mountain biking trails on the Postăvarul Massif, in central Romania, will open earlier than initially estimated. First visitors can already use the trails this weekend. The opening comes after several weeks of intense work to remove dozens of fallen trees from the mountain biking trails and to arrange them. Starting Saturday, on weekends, the […]
Forvis Mazars, the international audit, tax and advisory services partnership, announced the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania on Thursday, June 19. According to the company, the Desk combines a highly qualified German team of lawyers with […]
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange, announced on Thursday, June 19, that the Romanian Financial Supervisory Authority has approved the base prospectus for a corporate bond program of up to EUR 30 million. The program allows Simtel to issue bonds in multiple tranches […]
