The outgoing President Klaus Iohannis ends his term at the Cotroceni Palace, with the interim position to be taken over by the President of the Senate, Ilie Bolojan, on Wednesday.The ceremony to end Iohannis' term will take place on Wednesday, at 12:00, at the Cotroceni Palace, according to the Presidential Administration.Klaus Iohannis resigned from office on Monday, in the context in which the Parliament had initiated the procedure to suspend him from his position as head of state. He claimed that the suspension procedure would lead Romania into crisis and ''absolutely no one will understand what the point of such an approach is, when the incumbent president will leave anyway''. "In other words, we will effectively be the laughing stock of the world," Klaus Iohannis said on Monday when announcing his resignation."In order to spare Romania and Romanian citizens from this crisis, from this unnecessary and negative development, I am resigning from the position of President of Romania. I will leave office (...) on February 12th. God bless Romania!", Iohannis said.The Constitutional Court (CCR) on Tuesday found the position of president of Romania vacant and ruled that Ilie Bolojan, president of the Senate, would take over the interim position at Cotroceni Palace from February 12.Klaus Iohannis was elected head of state for two terms. His last term was supposed to end on December 21, 2024, but the Constitutional Court annulled the presidential elections and decided that Iohannis would remain at Cotroceni until a new president is elected. The CCR's decision came after the Supreme Council for Country's Defense (CSAT) declassified intelligence received from the Romanian Intelligence Service (SRI), Foreign Intelligence Service (SIE) and the Ministry of Internal Affairs regarding the electoral campaign conducted by Calin Georgescu in the presidential elections.Ilie Bolojan is to take over the interim position at Cotroceni Palace until May. The first round of the presidential elections will be held on May 4, and the second on May 18. Bolojan will be suspended from the position of National Liberal Party's president.
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
The former Romanian midfielder Gheorghe Hagi is in 82nd place in the ranking of the greatest footballers of all time, compiled by international sports magazine The Athletic, cited by TuttoMercatoWeb. In the opinion of The Athletic, the greatest...
