The statement of the President of Hungary, Janos Ader, comparing the annexation of Crimea by Russia with the Trianon Treaty, which ended Hungary's involvement in World War I and the Romanian-Hungarian War and recognized the Romania's Great Union of 1918, represents "an insult" and mustn't remain unanswered, said, on Tuesday, the Speaker of the Chamber of Deputies, Ludovic Orban."It's a bellicose statement, a statement that has no relation to the historical reality and which was made in a completely unfit setting. There was a whole other topic of discussion there, and to make a connection between the annexation of Crimea by Russia and a decision which, practically, was taken following the popular will expressed in the international context that existed at the end of the war is an insult to Romania," said Orban, at the end of the meeting of the governing coalition.According to him, "normally, such a statement cannot remain unanswered" by the authorities in Bucharest.Asked if the coalition meeting also discussed the situation of refugees from Afghanistan, Ludovic Orban said such a discussion did not take place, but will take place following ample documenting. "And when it is necessary, we will discuss this subject as well," said the chairman of the National Liberal Party (PNL).
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
