Former National Liberal Party (PNL) Senator and journalist Sorin Rosca Stanescu was transported on Thursday to the National Anticorruption Directorate (DNA) where he was questioned in the case of illegal loans gained from the Romanian Development Bank (BRD). In this investigation, initiated by DIICOT and continued by DNA, businessman Remus Truica and businessman Adrian Sarbu […]
Taiwanese group DDK, one of the world's largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group's plan to open a production facility in the country, according to
The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova's sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to
The European Commission reportedly refused Romania's plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a […]
In line with broad consensus, Romania's central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting. Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and […]
Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel...
Update: Bucharest Mayor Nicusor Dan won the Romanian presidential election on May 18, according to the official vote count. With 98.5% of the ballots counted, Nicusor Dan had 54.17% of the votes, 900,000 more than his opponent, nationalist George Simion. A record turnout both in the country and abroad helped Dan come back from 1.88 million […]
