Parliament is convening today in a joint plenary session at 14:00hrs to consider a motion of censure initiated by 157 Social Democratic Party (PSD) lawmakers called "Stop poverty, price increases and convicts. Down with the Citu government!"The PSD motion was tabled on Tuesday and is the second initiated this month, after the Save Romania Union - Freedom, Unity and Solidarity Party (USR PLUS) alliance did the same on September 3, but it has not been completed yet.At a joint meeting on Tuesday, the standing bureaus decided to let the PSD motion be read on Thursday at 14:00hrs in a joint plenary sitting. A debate and vote on it is scheduled for next Tuesday.In the case of the motion of censure initiated by USR PLUS, the standing bureaus decided to wait for the reasoning of the Constitutional Court in its ruling on a notification submitted by Prime Minister Florin Citu regarding the existence of a constitutional conflict between the government and Parliament.The motion of censure initiated by USR PLUS, minor at rule, and the opposition Alliance for the Unity of Romanians (AUR) called "Dismissing the Citu government, Romania's only chance to live! Florin Citu has to go!" was registered on September 3 and read in a joint plenary sitting of Parliament on September 9. However, the procedure for its tabling was challenged by the government with the Constitutional Court. On Tuesday, the Constitutional Court unanimously decided to take up Citu's notification of the existence of a legal conflict between Parliament and the Government on the motion of censure, but it also ruled that the motion can be debated and voted on.
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 […]
