President Klaus Iohannis promulgated, on Thursday, the Law approving Romania's participation in the Extended Partial Agreement on the Register of Damages Caused by the Aggression of the Russian Federation against Ukraine, established by the Resolution adopted by the Committee of Ministers of the Council of Europe in Strasbourg last year.Adherence to the extended partial agreement requires Romania's participation in the Conference of Participants through representatives of the Ministry of Foreign Affairs and, as the case may be, other competent institutions, as well as the payment of an annual contribution to the budget intended for implementation, the value of which is communicated annually by the General Secretariat of the Council of Europe .According to the law, the equivalent in RON of Romania's annual contribution to the registry budget is borne from the state budget, through the budget of the Ministry of Foreign Affairs, based on the notification received in this regard from the Council of Europe.The equivalent in RON of the amount representing the annual contribution is calculated based on the official RON/EUR exchange rate of the National Bank of Romania, valid on the date of payment.The government approved this bill last November, at which time it announced that, for 2023, Romania's annual contribution was 6,052.73 euros.Another 35 member states of the Council of Europe, as well as the European Union, Canada, Japan and the United States of America have already joined this agreement.The partially extended agreements are not international treaties, but a form of cooperation with its own budget and working methods, which presents a series of operational advantages, being flexible in terms of the organization of structures and procedures, explains the Government.
Roughly 130,000 cartridges prepared for delivery were destroyed after a fire broke out at a warehouse part of the Cugir Mechanical Plant, in central Romania, on Saturday, August 2. No victims were reported, and an investigation is currently ongoing. The fire started around 2 AM, initially over an area of 300 square meters, which later […]
Uber and Bolt, the two alternative transportation platforms that dominate the Romanian market, have together registered over 100,000 affiliated drivers by the end of May 2025, according to official data from the Romanian Road Authority (ARR) reported at the request of Ziarul Financiar. The drivers who...
Romania’s president Nicuşor Dan signed 96 decrees approving the retirement of magistrates on August 1, with most leaving the judiciary immediately and the remainder scheduled to retire on September 1, Cursdeguvernare.ro reported. Among those stepping down is Corina Corbu, President of the High Court of Cassation and Justice (ICCJ). The wave of retirements...
The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed […]
Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026,
The system of pensions paid to military personnel should be changed gradually until 2035 to avoid losing personnel, minister of defence Ionuț Moșteanu said in a Digi24 interview, implying that the European Commission...
