President Klaus Iohannis on Monday stated that he has “a very reasonable” amount of time to respond in case of the proposals for Development and Transport ministers, underscoring that the Constitutional Court of Romania (CCR) has nothing to say in this matter. The head of state was asked how he sees a possible involvement of the CCR in the matter of the appointment of the two ministers. “In a way. For now, the Government made me a request and I said I will respond after December 1, if they are in such a hurry, this concerns only them, but I do have a very reasonable amount of time left to respond. Practically, the CCR has no saying here. (…) The government isn’t by any means blocked. The Government doesn’t do its job because it probably has other things more pending to deal with. The Government is complete and, I said this before, nothing stops it from doing its job,” the head of state said at the Romanian Embassy in Paris, where he met with representatives of the Romanian community. He reiterated that a decision with respect to the new ministers of Development and Transport will be made after the celebration of Romania’s National Day. “As I already said, after the celebrations dedicated to the National Day. I have no intention during these days of celebration to discuss such unpleasant topics of reshuffle and various differences of opinion between some and others,” said Iohannis. The Social Democratic Party (PSD) leader Liviu Dragnea stated on Monday that at the meeting of the governing coalition to be held in the beginning of next week a decision will be made on what to do if the head of state, Klaus Iohannis, refuses to meet with its legal role in appointing some new ministers, while underscoring that Minister of Justice Tudorel Toader will put together a draft for a possible notification of the CCR related to a legal conflict of a constitutional nature.
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The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
