The motion of censure entitled “STOP the “Bolojan Plan” to destroy the economy, impoverish the population and fraudulently sell state assets”, submitted by the parliamentary groups of PSD, AUR and PACE – Romania First, was presented on Wednesday in the reunified plenary of Parliament. Neither Ilie Bolojan nor Sorin Grindeanu were present at the meeting. The text of the motion was read by the leader of the AUR senators Petrisor Peiu. The debate and vote will take place on May 5. Premier Ilie Bolojan, the liberal (PNL) leader stated on Friday that, in case the no-confidence motion is not voted in the Parliament, the government will work in normal conditions, but there will be need for parliamentary consultations to find a stable support formulat taking into consideration that Romania has some priorities to cover during the period to come.He explained that the most important short term priorities are connected to accessing the PNRR funds, conditioned by meeting the reform targets assumed by Romania where there is need for parliamentary support to adopt some laws, and on the other hand, the finalization of the investments until the end of August, in order to absorb the money effectively.When referring to the variant when the no-confidence motion is voted in the parliament, he showed that the standard constitutional procedure will be applied."The parties will participate in consultations with the President of Romania, will be able to make proposals, and the President of Romania, after reviewing the proposals, will entrust a prime minister with the task of forming the government. This is the standard procedure provided for in the Constitution," Bolojan said. Ilie Bolojan, president of the PNL, also stated that if the motion of no confidence against the government passes, the issue of whether he will remain as party leader will be discussed internally by the Liberal leadership, emphasizing that the National Liberal Party has a president elected by the party congress and that there are no issues whatsoever regarding this matter.
The Bucharest office market has shown early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting a renewed occupier appetite for future office spaces. The current development pipeline, exceeding 215,600 sq.m, the highest level in recent years, is expected to be gradually absorbed, according to data from the Cushman & Wakefield Echinox […]
The European Bank for Reconstruction and Development (EBRD) has officially launched its Risk Sharing Facility in Romania extending EUR 270 million in “green financing” to Romanian banks under the InvestEU program. Through its InvestEU guarantees, the EBRD expects to mobilize new green financing for individuals and companies in Romania, ensuring much-needed energy savings and carbon […]
The Haferland Week Festival will take place this year in Romania between August 6 and 9, celebrating local Saxon culture with a series of events themed “Longing for Transylvania.” The event will take place in 10 localities: Archita, Saschiz, Homorod, Rupea, Criț, Roadeș, Meșendorf, Cloașterf, Bunești, and Viscri. According to the organizers, the theme is […]
EUROPAfest will return to Bucharest between July 3 and July 12, bringing artists from 14 countries to the Romanian capital for the festival’s 33rd edition. The organizers said this year’s event will place a stronger focus on jazz while also continuing to feature blues, pop, and classical music performances. Artists from France, Italy, Ireland, Canada, […]
CPI Property Group has secured EUR 100 million in financing for Sun Plaza, one of the largest shopping centers in Bucharest. The funds were arranged through a club-deal involving OTP Bank and ING Bank Romania. The company said the transaction was signed through its subsidiary CPI Europe AG and also marks the beginning of a […]
Aquila (BVB: AQ), a major player in the Romanian market for integrated distribution and logistics services for fast-moving consumer goods, or FMCG, has inaugurated its new logistics center in Bacău, a strategic project in which the company invested over EUR 1.2 million. The new logistics infrastructure integrated the relocated operations into a modern facility with […]
