The closure of the Consulate General of Romania in Rostov-on-Don represents the response measure of the Russian authorities in order to ensure parity with regard to the diplomatic representation of Romania in the Russian Federation, respectively the diplomatic representation of the Russian Federation in Romania, the Ministry of Foreign Affairs (MAE) informed in a Thursday's response to the request of Agerpres.The MAE reminds that on June 8, 2023, the Romanian side took the decision to cap the diplomatic and technical-administrative staff of the Russian Federation in Romania, with the consequence of their significant reduction.The respective measure was adopted in accordance with the provisions of art. 11 para. 1 of the Vienna Convention on Diplomatic Relations (1961), to adequately reflect the level of bilateral relations, drastically reduced by Romania after the start of the war of aggression against Ukraine by the Russian Federation.Except for the Embassy in Moscow, Romania has a Consulate General in Saint-Petersburg. The Russian Federation also has a Consulate General in Romania, in Constanta, attached to the Embassy in Bucharest.The spokeswoman for the Russian Foreign Ministry, Maria Zaharova, announced in Wednesday's briefing the closing of the Consulate General of Romania in Rostov-on-Don."The Romanian side received an official notification according to which the Consulate General of Romania in Rostov-on-Don will cease its activity as of October 14. The functions of providing consular services in the respective constituency are transferred to the embassy of this country in Moscow", Zaharova said in the briefing transcribed on the website of the Russian Ministry of Foreign Affairs.The measure follows the decision of the Russian side to denounce the bilateral intergovernmental agreement regarding the opening of the aforementioned consular office, adopted in December 2023, as a response to the unfriendly actions of the Romanian authorities, the spokeswoman argued, without elaborating.
The president of the junior ruling Liberal Party, Nicolae Ciucă, urged prime minister Marcel Ciolacu "to urgently explain what he will do so that Romania does not lose the approximately EUR 1.1bn from the Resilience Facility" suspended by the European Commission for six milestones not met by the country. Ciucă thus validates the EUR 1.1bn […]
Ford Otosan announced on October 15 that it will open in November waiting lists for Romania customers interested in buying the new fully electric model E-Tourneo Courier, produced in the factory in Craiova. The first vehicle deliveries are expected in the first quarter of 2025. The E-Tourneo Courier Trend (passenger version), with a 100 kW […]
Two new private equity funds - Evolving Europe Principal Investments Fund II and Finance in Motion Renewables Growth Fund - will receive up to EUR 27.5 million under the national implementation of the Resilience Facility (PNRR) to invest in Romanian companies, the Romanian Ministry of Investments and European Projects (MIPE) announced. The Investment Committee appointed […]
UniCredit downgraded its 2024 growth forecast for Romania to 1.7% (from 2.4% in July) due to the poor performance in H1 and a slower-than-anticipated recovery in the EU, but it upgraded its 2025 outlook to 1.9% (from 1.3% in July) owing to base effects, according to the latest research report of the financial group. The fiscal...
The medium-term fiscal plan that Romania is supposed to send to the European Commission (EC) this month under the Excessive Deficit Procedure has among its objectives cutting the budget deficit to 2.4% in 2031 and bringing the public debt to GDP ratio under 60% by the end of the seven-year period (after possible deviations above […]
The European Commission announced on October 15 that it had endorsed a positive preliminary assessment of the six targets and 62 out of 68 milestones linked to Romania's third payment request for EUR 2 billion (net of pre-financing) under the Recovery and Resilience Facility. The Commission found that six milestones have not been...
