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.
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 […]
