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FACT SHEET: White House Calls on Congress to Advance Critical National Security Priorities

October 23, 2023

FACT SHEET: White House Calls on Congress to Advance Critical National Security Priorities   Today, the President is requesting supplemental funding from Congress that advances our national security and supports our allies and partners. Since the horrific terrorist attack by Hamas, President Biden has surged security, intelligence, and diplomatic support to the people of...

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Upper floors of Bucharest apartment building affected by deadly explosion must be removed, interim mayor says

The top floors of the Bucharest block of flats affected by the powerful explosion last Friday, October 17, which killed three people, must be removed to prevent it from collapsing, according to interim mayor Stelian Bujduveanu. He based the decision on the State Inspectorate for Construction, which has completed the technical assessment of the building in the […]

District 4 mayor tops poll for Bucharest City Hall, election date yet to be announced

District 4 mayor Daniel Băluță of the Social Democratic Party (PSD) is currently the frontrunner in the race for Bucharest City Hall, according to a new CURS poll released on Sunday, October 19, and quoted by Agerpres. However, the election dates are yet to be set by the government, and the official candidates...

Thousands join march for women’s safety in Bucharest

Thousands of people took to the streets of Bucharest on Sunday, October 19, to participate in the “Together for Women’s Safety” march, calling for stronger action against gender-based violence and improved protection for women and girls in Romania, news agency Agerpres reported. Similar awareness events...

Romanian minister "seeks a way" to dismiss management of state salt company Salrom

Economy minister Radu Miruţă (USR) announced on October 18, after the conclusions of the report of the prime minister's control body regarding the disaster at Praid salt mine, which was flooded earlier this year, that he asked the Salrom management to resign but they refused, he asked for a meeting and they refused again, and […]

Strong demand from individual investors for Romania’s Cris-Tim shares

The individual investors placed orders for RON 47.4 million (EUR 9.5 million) worth of shares put up for sale by cold cuts producer Cris-Tim (BVB: CHF) under the Bucharest Exchange IPO, according to Ziarul Financiar reporting after the first day of the public offering. Some 67% of the tranche for individual investors...

Romania's Electrica to develop 1 GW of storage capacities by 2030

Electricity supplier and provider Electrica (BVB: EL), with the Romanian state as the largest shareholder, began the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1 GWh. The project is scheduled for completion by 2030. Electrica will thus capitalise on land it already […]