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.
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]
Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
