The Ministry of Foreign Affairs (MAE) announced on Friday that it does not recognise the legitimacy of the presidential elections organised by the Russian authorities in the regions of Donetsk, Luhansk, Zaporizhzhia, Kherson, the Autonomous Republic of Crimea and the city of Sevastopol."From 15 to 17 March 2024, presidential elections will be held in the Russian Federation. The Russian authorities have announced that the elections will also be held in the Ukrainian territories illegally annexed or temporarily occupied by the Russian Federation since 2014. The Ministry of Foreign Affairs does not and will not recognize the legitimacy of the aforementioned elections held in Donetsk, Luhansk, Zaporizhzhia, Kherson, the Autonomous Republic of Crimea and the city of Sevastopol, which are integral parts of Ukraine. The MAE also reconfirms its firm support for the independence, sovereignty and territorial integrity of Ukraine within its internationally recognized borders," reads a MAE press released sent on Friday.According to the ministry, the Russian authorities have decided not to invite ODHIR/OSCE observers to the March 2024 presidential election, "in contradiction with the international obligations assumed". At the same time, "it is possible that the Russian authorities may extend invitations" to foreign individuals or legal entities to observe and monitor the elections."Under the given conditions, the MAE strongly discourages the participation of Romanian citizens or Romanian legal entities in monitoring elections in the Russian Federation. MAE reminds that the presence of Romanian citizens in the territories belonging to Ukraine under the occupation of the Russian Federation, including for the purpose of election observation and monitoring, entails criminal and administrative consequences in accordance with Ukrainian law," the press release states.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
