President Klaus Iohannis invited to the Cotroceni Palace on Monday the chairs of the political parties and formations represented in the Parliament for consultations in order to nominate the candidate for the position of prime minister, the Presidential Administration announced.The consultations will take place on Monday, according to the following schedule:Earlier, President Iohannis had announced that he would convene parliamentary parties and formations for a first round of talks on resolving the government crisis."The constitutional steps are well known. I will invite parliamentary parties to consultations. And I will try, together with the most mature, most responsible, to find a way out of this crisis. I have decided to hold a round of consultations on Monday. On Monday, starting with at 12.00, I will have consultations with the parliamentary parties", the head of state said on Thursday in Cernavoda.Iohannis was again skeptical that a solution would be found in this first round of consultations. According to him, in reality it is almost impossible to trigger early elections.In his opinion, the fact that "a party is still parading" with that type of election seems to him "a form of avoidance rather than something else.""Triggering early elections is an issue that has been discussed theoretically in Romania for a long time, but our Constitution is built to guarantee parliamentary stability. It is, in reality, almost impossible to trigger early elections, not to mention the fact that it is probably not even desirable as we are less than one year away from the general election. What would it bring? The same partiess probably with the same percentages, maybe a little changed, which would bring us back precisely to where we are today. In theory, such elections are provided for in the Constitution, but they are not constitutionally well defined and have never taken place for such reasons. The fact that a party is parading with early elections seems to me to be a form of avoidance on the part of that party rather than anything else," said Iohannis. The Citu Government was dismissed on Tuesday after the censure motion initiated by PSD was voted by the Parliament.
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 […]
