President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni...
Romania's President Klaus Iohannis will participate, November 7-8, in the fifth Summit of the European Political Community (EPC) and in an informal European summit that will take place in Budapest, Hungary, the Presidential Administration reported on Wednesday.The European Political Community is an intergovernmental forum for political and strategic discussions about the future of Europe."The EPC Summit in Budapest will include a plenary session, where discussions will focus on the security challenges facing Europe, with emphasis on the situation in Ukraine, and roundtable conferences where leaders will address specific topics of shared interest, such as migration and economic security. During the debates, President Klaus Iohannis will reiterate the need for a united and firm position of the leaders regarding the security situation in the region, as well as continuation of support for Ukraine's sovereignty, independence and territorial integrity amidst Russia's war of aggression."Iohannis will also attend a roundtable conference touching on migration, where he is expected to plead for finding illegal migration management solutions at European level in the short term, but also through a more comprehensive long-term approach, which will allow greater cohesion and efficiency at European level in addressing the issue.The informal meeting of the European Council, hosted in Budapest by the Hungarian Presidency of the Council of the European Union, includes an in-depth debate on European competitiveness, a priority on the EU agenda in the coming years."EU leaders aim to adopt a political declaration on a new European pact for competitiveness to guide the work of the European institutions in the field, given the urgency to act decisively at EU level in addressing the current challenges. During the debates, the President of Romania will underline the major role of cohesion and convergence as instruments for achieving the European Union's competitiveness objectives. He will also plead for the elimination of all barriers on the single market and for the full assurance of freedom of movement on all its components," according to the Presidential Administration.
President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni...
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 […]