Romania's Constitutional Court (CCR) rejected on Thursday the complaints made by AUR, POT and SOS Romania about the law referring to the control of using the air space and the one on carrying out missions and military operations in Romania in time of peace, deciding that they were constitutional. The Court decided that regulating a competence devided between structures of institutions that are part of the national defense system and structures of allied and partner states does not achieve sovereignty, when it is a means of defending the national air space, which is part of NATO air space. At the same time, the Court shows that “authority transfer”, regulated by the decisions criticized, has in view an action of taking over control and command by military authorities appointed by NATO over national elements within army structures which execute specific missions for the control of using the national air space within the Integrated NATO Air Defence and Anti Missile System or within coalitions, in strict conditions provided by law, and not by inclusion in a military function in the system of the National Defence Ministry.
Open Streets – Bucharest, Urban Promenade, the weekend program that sees streets close for traffic and open for pedestrians to attend various events, returns with this year’s edition on April 12. The program, with events as varied as live concerts, street shows, dance, parades, workshops for children, guided tours, and areas for exercise and sports, […]
The Romanian IT&C industry depends largely on outsourcing, and this economic model makes it vulnerable to geopolitical issues, according to Edward Creţescu, president of the Employers' Association of the Software and Services Industry (ANIS), speaking at ANIS International Summit 2025, organized by Ziarul Financiar. ...
The European Bank for Reconstruction and Development (EBRD) has extended a regional loan of up to EUR 120 million to AFI Europe to support the developer’s expansion across Serbia, Poland, Romania, and the Czech Republic, the institution announced. The financing will enable the company to grow its portfolio of sustainable residential and commercial real estate […]
Polish convenience retail giant Żabka has accelerated its expansion in Romania, reaching 89 stores under the Froo brand by April 2025 and outlining plans to scale to as many as 4,000 locations nationwide, according to Economica. ...
The share capitalization of the Bucharest Stock Exchange dropped by RON 28 billion (EUR 5.6 billion) or 7.5% week-on-week to RON 345 billion (EUR 69.4 billion) on April 4, reaching the year’s lowest value on April 4, according to a market summary compiled by Agerpres. ...
Romania registered the European Union's deepest current account deficit in the fourth quarter of 2024, with a negative balance of EUR 9.4 billion, marking an increase from the EUR 8.5 billion (8.9% of GDP) deficit recorded in the previous quarter, according to data published by Eurostat on April 4. This placed Romania at the...
