President Klaus Iohannis announced on Friday that he will not run for the December elections for the future Legislature."As I have stated on several occasions, I will end my mandate as president of Romania on time and I will not resign from my position. I will not run for the parliamentary elections in December, regardless of the decision that the Central Electoral Bureau will adopt today. No I supported and do not support the amendment of the electoral legislation in favor of a single person," said the head of state.Iohannis said on Wednesday, in New York, about the amendment of the law that would have allowed him to run for the Senate, that he did not want a law for him and that he will make sure that it does not exist."I didn't want a law for myself, I don't want a law for myself and I can tell you with certainty that I will make sure that this law does not exist. It is not possible to make a law for a person and then I think that I- I expressed it very clearly. In short, this law will not exist and I do not want it to exist", he assured in a statement given to journalists on the sidelines of the UN General Assembly.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
