US Ambassador to Romania Hans Klemm said on Wednesday that three years after the Colectiv club tragedy, he would not have expected the fight against corruption would be weakened, the independence of the judiciary would be under threat, and the selection of prosecutors would again be politicized, pointing out that these are a cause of great concern to the United States. “Looking back three years, what I would not have expected is that the fight against corruption would be weakened as it has recently; that independence of the judiciary would be under threat; that there is an ever-higher risk that selection of prosecutors would again be politicized. This is something I would not have predicted three years ago. Of course, as American ambassador this is something of great concern to me personally, my embassy, and also to the United States.’ Ambassador Hans Klemm said at the Memorial dedicated to the victims of the Colectiv club, according to the speech issued by the US Embassy. He remembered the solidarity and mobilization he saw after the tragedy, on the part of Romanians, of some countries and companies, to help the victims of the Colectiv club tragedy. “The United States, unfortunately, was too far away to give immediate medical support to those who suffered so badly, but we tried to do what we could and, of course, our hearts are with the families and friends of those who suffer,” said Hans Klemm. The US Ambassador also appreciated how the Romanians reacted after the tragedy, as they saw those young people who lost their lives as victims of corruption. “They said they were determined to fight corruption”, added the ambassador.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
