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PSD’s National Executive Committee votes to expel Sorin Grideanu from party and to submit no-confidence motion against his cabinet

June 15, 2017

PSD leaders met again on Thursday, at 2 p.m., at the party’s central headquarters in Kisellef, in a National Executive Committee meeting meant to establish the “constitutional” path to follow, considering Premier Sorin Grindeanu refuses to resign and they are unable to forward to President Klaus Iohannis a new nominee for the Premier’s office. The […]

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Interim mayor says Bucharest struggles with heavy traffic as 1.7 mln cars are registered, 300,000 enter daily

Bucharest’s interim mayor Stelian Bujduveanu has warned that traffic congestion remains the capital’s most pressing problem, with 1.7 million vehicles registered in the city and another 300,000 cars entering daily from surrounding areas, News.ro...

Romanian-founded data company Databricks launches accelerator for AI startups

Databricks, an artificial intelligence company based in the United States with two Romanians among its founders, is launching an accelerator to finance artificial intelligence startups. Up to USD 250,000 is available for small companies. The funds can come in several forms, including cash, credits for using the Databricks platform, and credits from external providers verified […]

Romania's government reportedly sued for not organising elections for Bucharest mayor

The government has reportedly been sued for failing to organize the election for Bucharest mayor within the legal deadline of 90 days from the vacancy of the post, according to Antena3.ro. The authors of the complaint are not disclosed, but the reformist...

Polls show Romania's isolationist party AUR consolidating leading position

Romania's isolationist party AUR consolidated its leading position in two polls carried out by Avangarde and CURS, although the scores and the advance versus the primary challenger – the Social Democratic Party (PSD) – differ significantly between the two estimates.  The isolationists' leading position, still not challenging the combined score of the four parties in […]

Romania's public debt up 1.2pp m/m to 57.8% of GDP at end-May

Romania's public debt surged by RON 21.5 billion in May alone and by RON 70.7 billion year to date, reaching RON 1.035 billion (EUR 204.1 billion) or 57.8% of GDP at the end of May, according to data published by the Finance Ministry.   Romania's public debt rose by RON 70.8 billion (EUR 14 billion) […]

P&G opens new production line in Romania

The giant Procter & Gamble recently started a production line in Romania, at the Urlați factory in Prahova County, according to Revistaprogresiv.ro. The company will produce Lenor scented pearls here, one of the company's latest innovations in fabric care. Four years ago, the company inaugurated...