The government political agreement between the National Liberal Party (PNL) - Social Democratic Party (PSD) - Hungarian Democratic Union of Romania (UDMR) and the parliamentary group of national minorities, signed on Thursday, stipulates the National Coalition for Romania's functioning principles, led in the first stage by Nicolae Ciuca, but also the principles of cooperation, at parliamentary level, among the signatory parties.According to the document, the prime minister on behalf of the PNL will have a mandate until May 25, 2023, and then he will be followed by the prime minister on behalf of the PSD, until the 2024 elections.The agreement signed by the four leaders mentions that the health crisis generated by the COVID-19 pandemic has had unprecedented economic and social effects. In addition to this, there is also a major energy crisis and "a long-term one, with serious economic and social implications", and the successive years of climate instability that have a significant negative effect on quality of life."In order to manage and overcome them, it is necessary to establish, without delay, a solid parliamentary majority and invest a government supported by it. Only in this way will it be possible to implement, quickly, the solutions to solve these problems facing Romania today," reads the document.The agreement envisages the need to ensure "efficient government and the existence of broad parliamentary support in the 2021-2024 period".Thus, the signatory parties agree on the formation of the National Coalition for Romania - governing coalition for the 2021 - 2024 period.The Coalition's decisions are made through consensus, the Agreement stipulates. The Coalition's decisions are public, and the debates under the decision-making mechanisms of the coalition are confidential until the decisions are adopted," the document shows.The political agreement for the establishment of the National Coalition for Romania is valid during the parliamentary term 2021-2024 and enters into force at the time of signing. Amendments to the agreement are debated, negotiated and agreed upon between the signatory parties, being decided by consensus.The document was signed on Thursday by PSD Chairman Marcel Ciolacu, PNL Chairman Florin Citu, UDMR leader Kelemen Hunor, and the leader of the parliamentary group of national minorities, Varujan Pambuccian.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
