Strasbourg, 17.09.2021 – The Council of Europe’s Committee of Ministers has adopted an Interim Resolution strongly exhorting Romanian authorities to secure redress to the applicants for the violations found by the European Court of Human Rights in the case S.C. Polyinvest S.R.L. and Others v. Romania and another five similar cases. The Interim Resolution refers to six judgments covering nine applications concerning the non-implementation of domestic court decisions or of arbitral awards given between 2000 and 2011, which ordered State-controlled companies to pay various amounts to the applicant parties. The Committee of Ministers deeply regrets that, despite its urgent and repeated calls, the Romanian authorities have not yet made the required payments, and it expresses an utmost concern at their continuing failure to secure redress to the applicants. The Interim Resolution, whilst deploring the prolonged absence of any information on any developments to provide remedy to these cases, calls on the Romanian authorities to keep the Committee of Ministers duly informed of all relevant developments. It also reiterates that Romania, as every contracting State to the Convention, has an unconditional obligation to abide by the final judgments of the Court. * * * From 14 to 16 September, the Council of Europe’s Committee of Ministers held its quarterly meeting to oversee the execution of judgments and decisions from the European Court of Human Rights in Strasbourg. Under Article 46 of the human rights convention, judgments from the European Court of Human Rights are binding on the states concerned. The Committee of Ministers oversees the execution of judgments on the basis of information provided by the national authorities concerned, applicants, NGOs, National Human Rights Institutions (NHRIs) and other interested parties. (Photo: https://www.coe.int/en/web/portal/home)
• Total leasing activity in Bucharest is 71% higher at the end of the first quarter compared to the same period last year. Bucharest, 8 April 2024 - The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value […]
The House of Lazăr Năftănăilă, a Roma household brought from the village of Calbor, in Braşov county, has officially opened at the Dimitrie Gusti Village Museum in Bucharest. The house opened alongside a barn brought from Vişeul de Mijloc, in Maramureş county, which hosts an exhibition and VR venue showcasing elements of the history and […]
The current European Commission president is running for a second term at the helm of the Union’s executive, but EU diplomats and politicians have been speculating on who could replace her. Politico Europe gathered the names being thrown around in Brussels and ranked their chances. Romanian president Klaus Iohannis is ranked as having the biggest chance to […]
Real developer STC Partners began the development of phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, with an investment value of over EUR 15 million. This stage is to be completed by the end of 2025. Construction works at phase I are currently underway, the company said. The […]
This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]
Local construction company Concelex, as the general contractor, said that it completed the project to expand and modernize the Danube Delta airport in Tulcea, southeastern Romania, which thus became an international airport at Schengen standards. The total value of the project was RON 180 million (some EUR 36 million), covered by European funds. The association […]
