Prime Minister Marcel Ciolacu urged on Thursday independent Victor Ponta to bow out of the presidential race after the latter revealed that in 2014, as prime minister, he had agreed "to flood Romanian villages in order to save foreign cities.""To calmly admit - years on - that you, as Romania's prime minister, agreed to flood Romanian villages in order to save foreign cities and to boast that, as a reward you received the citizenship of another state, clearly shows that playing sovereignism has gone awry! Whatever excuse you invoke, every citizen of this country expects an official - whether president, prime minister or anything else - to defend their own country and fellow citizens! Under no circumstances would anyone believe you are a sovereignist and that you are going all the way for your people and country! Victor, at least make a wise decision now! Withdraw from the race," Ciolacu wrote on Facebook."Redeem yourself at least in the twelfth hour for the huge mistake you made back then! At least now, truly put Romania first," said Marcel Ciolacu.Victor Ponta told a podcast on Wednesday that he received Serbian citizenship for having "overridden in 2014 other Romanian authorities and ordered the opening of the Portile de Fier dam sluice gates to prevent Belgrade from getting flooded."On Thursday he wrote on Facebook that the biggest floods in Europe in the last 120 years occurred in 2014, causing victims and huge destruction, and that Romania, as a good neighbor, helped the countries in danger.
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 […]
