Nicolae Ciuca has been nominated on Monday by President Klaus Iohannis as candidate for the position of prime minister.The head of state said that this proposal came from the National Liberal Party (PNL), the Social Democratic Party (PSD) and the Hungarian Democratic Union of Romania (UDMR) and from the parliamentary group of national minorities."The consultation session that I convened with the parliamentary parties has ended. I found that a solid majority was formed in the Romanian Parliament, a majority that includes the PNL, PSD, UDMR and the minority group. The representatives of this majority wanted to come together to the consultations, I have accepted this and in this format we had a discussion that I consider very good. This majority proposed to me a name of prime minister, a proposal that I accepted. I consequently nominate Mr. Nicolae Ciuca, here present, to form a government team and to appear before the Romanian Parliament for the vote of confidence," declared President Klaus Iohannis, at the Cotroceni Palace.He wished Nicolae Ciuca, present at the Cotroceni Palace, much success.On Monday, the head of state had consultations with the representatives of PNL, PSD, UDMR and of the national minorities, and then with those of AUR (Alliance for the Union of Romanians), in order to nominate the candidate for the position of prime minister. USR did not participate in the consultations at Cotroceni Palace.According to the Constitution, the candidate for the position of Prime Minister will request, within 10 days from the nomination, Parliament's vote of confidence on the program and of the entire Government list. The governing program and the list of the Government are to be debated by the Chamber of Deputies and the Senate, in a joint session. Parliament gives its nod of approval to the Government by the majority of deputies and senators' vote.The leaders of PNL, PSD and UDMR announced that Romania will have a Government by Thursday.Nicolae Ciuca was also nominated as a candidate for prime minister on October 21. However, he submitted his resignation after the PNL-UDMR minority government failed to gather a majority in Parliament to vote for him.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
