Political analyst Cristian Pirvulescu argues that President Klaus Iohannis had no other option but to resign office, yet on the other hand, his gesture only deepens the crisis and mainly benefits the far-right opposition."Given the immense pressures that were exerted, the president had no other alternative but to resign, because pressure came from all directions. It's hard for me to say whether the current government majority warned him that they would not support him at the vote on the impeachment move, but I think he preferred this option because, in reality, he no longer had any political support," Pirvulescu told Agerpres on Monday.He explained that "under the given circumstances, the crisis only deepens with the resignation of President Iohannis, it doesn't stop here", because "a host of other problems will arise, although for the moment this somewhat de-escalated the mounting tension the extreme right and the Save Romania Union in particular were manipulating for electoral purposes. It's difficult to say at this point if this benefits anyone. From my point of view, the main beneficiary is the far right. They asked for it, they got it," said Professor Cristian Pirvulescu.Klaus Iohannis announced on Monday that he is stepping down as President of Romania, mentioning that he will leave the Cotroceni Palace on February 12.Iohannis specified that the decision comes as the Romanian Parliament on Monday set in motion the procedure to impeach him."In order to spare Romania and its citizens a crisis, this unnecessary and negative development, I resign from the position of President of Romania. I will leave office the day after tomorrow, on February 12. May God bless Romania," Iohannis told a press conference at the Cotroceni Palace.
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
Around 3.1 million Romanians lived outside the country in 2024, making Romania first among European Union countries in terms of the number of its citizens living abroad, in another EU member state, according to an infographic presented by the European Parliament. Roughly 16% of Romanians lived abroad last year, most in Italy (1.07 million), Germany […]
Hotel Cișmigiu in downtown Bucharest, part of Hercesa Romania’s portfolio since 2004, saw revenues and occupancy rise in the first half (H1) of 2025. Total revenues rose by 9% compared to the same period last year, while the hotel’s occupancy rate increased to 77%, up by six percentage points year-over-year. The Average Daily Rate (ADR) […]
The modernization of Reactor 1 within the Cernavodă nuclear power plant and the expansion of storage capacity for spent fuel have received environmental approval, according to energy minister Bogdan Ivan. Combined, the two projects will allow Reactor 1 to operate safely for another 30 years, providing 700 MW of energy, according to the official. The […]
The far-right Alliance for the Union of Romanians (AUR) filed a constitutional challenge against the "austerity law" recently passed by the Ilie Bolojan government through the assumption of responsibility procedure. AUR claims the law through which the first fiscal corrective package was adopted is "profoundly unjust, unconstitutional, and a cynical abuse of power that bypasses […]
