The banking system could post a net negative result in 2012, for the third year in a row, the banker believes. European regulations on crediting or the consolidation of capital bases that became more restrictive can particularly affect the states where the banking system preponderantly finances the economy, which is also the situation of Romania, [...]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
More than 108,000 Romanian households changed their electricity providers in June, just before the country returned to a liberalized energy market, according to George Niculescu, president of the National Energy Regulatory Authority (ANRE). “Today, after more than three and a half years, we return to a free electricity market - a market for the consumer! […]
The Romanian Constitutional Court (CCR) has reinstated Traian Băsescu’s rights as a former president, granting him lifelong state benefits, including a monthly allowance, protocol residence, and permanent security. The court ruled unanimously that a 2001 law, which stripped former presidents of these privileges if found to have collaborated with the communist-era Securitate, is unconstitutional, Biziday.ro...
Mihai Leu, former world boxing champion and national rally champion, has died at the age of 56 after a long battle with cancer. He passed away on Tuesday evening, July 1, at Fundeni Hospital in Bucharest, where he had been hospitalized in June with pulmonary failure, Biziday.ro reported. His death was confirmed on his official […]
A new drone attack took place near Romania's border on the night of Tuesday to Wednesday, with two F-16 aircraft of the Romanian Air Force being scrambled to monitor the aerial situation, the Ministry of National Defence reported."The Russian Federation resumed drone attacks on civilian and port infrastructure targets in Ukraine during the night of […]
Romania maintains its firm commitment to the modernization and adaptation of its armed forces, in close cooperation with its American partner, thus consolidating its position as a pillar of stability within the North Atlantic Alliance and in the Black Sea region, the Ministry of National Defense (MApN) informed on Tuesday.The message was sent in the […]
