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.
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
The private medical services operator MedLife (BVB: M) increased its turnover by 19.5% in the first nine months of the year, to RON 2.36 billion (EUR 464 million). However, the company reported a financial loss of RON 6.3 million (EUR 1.2 million) as a result of the rise in the exchange rate. The company turnover […]
CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]
