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.
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
