Klaus Iohannis announced on Monday his resignation as President of Romania. He said he will leave office on February 12."In order to spare Romania and the Romanian citizens from this crisis, from this negative evolution, I resign as President of Romania. I will leave office the day after tomorrow, on February 12," Klaus Iohannis told a press conference held at the Cotroceni Presidential Palace on Monday.The suspension procedure is a "useless", "unfounded" and "painful" step, Iohannis said."It is a useless demarche because in a few months I will be leaving office, anyway, after the election of the new president. It is an unfounded demarche, because I have never violated the Constitution. And it is a detrimental demarche, because everybody loses, nobody wins. In a few days, Romania's Parliament will vote on my suspension and Romania will go into crisis, because the referendum to impeach the President will be triggered. This whole endeavor will have internal and, unfortunately, also external consequences," said the president.He mentioned that internally, the referendum will be "eminently negative", because society will be divided."Some will agree, some will disagree. The whole discussion will be one focused only on the negative. The whole of society will be in turmoil. There will be no more discussion about the upcoming presidential election. There will be no discussion about how Romania will go forward. The candidates will not even be able to present their ideas in this negative amalgam. Externally, the effects will be lasting and very negative. Absolutely none of our partners will understand why Romania is dismissing its president, after the procedure for electing a new president has, in fact already begun. Absolutely no one will understand the point of such a step when the incumbent president will leave anyway. We will be the laughing stock of the world," Klaus Iohannis added.
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
Around 3.1 million Romanians lived outside the country in 2024, making Romania first among European Union countries in terms of the number of its citizens living abroad, in another EU member state, according to an infographic presented by the European Parliament. Roughly 16% of Romanians lived abroad last year, most in Italy (1.07 million), Germany […]
Hotel Cișmigiu in downtown Bucharest, part of Hercesa Romania’s portfolio since 2004, saw revenues and occupancy rise in the first half (H1) of 2025. Total revenues rose by 9% compared to the same period last year, while the hotel’s occupancy rate increased to 77%, up by six percentage points year-over-year. The Average Daily Rate (ADR) […]
The modernization of Reactor 1 within the Cernavodă nuclear power plant and the expansion of storage capacity for spent fuel have received environmental approval, according to energy minister Bogdan Ivan. Combined, the two projects will allow Reactor 1 to operate safely for another 30 years, providing 700 MW of energy, according to the official. The […]
