Prime Minister Marcel Ciolacu stated on Thursday, in a discussion with journalists at the Victoria Palace, that he wants to organize a referendum for Rosia Montana, to see if the Romanians agree with gold mining. The statement comes in the context of the expected pronouncement of the decision by the international arbitration court on compensations or the possibility of gold exploitation on Friday, March 8. “I would say to organize a referendum for Rosia Montana. Let’s see if the Romanians agree to start gold mining”, declared Ciolacu. A decision in the case of Rosia Montana is expected on Friday, and depending on this the negotiation strategy will be formulated, announced the Minister of Finance, Marcel Bolos, who explained that “there is also the option not to pay anything, but to carry out the exploitation”. “We were informed that during the day of Friday the decision will be pronounced by the international arbitration court. We are waiting to see what this decision will be and then we will formulate our negotiation strategy and depending on what the coordinates of this negotiation strategy will be, we will go through the necessary stages to reach a consensus with the beneficiaries of that decision”, said Minister Bolos. Asked if an extraordinary appeal was still possible, the finance minister said yes, but that “it’s moving quite quickly”. “It’s possible, but it’s happening pretty quickly. Such are the customs of international arbitration courts and the prospect of changing the decision that will be pronounced on Friday, following the discussions with the lawyers, is quite small”, said Bolos. In June 2017, the Canadian company Gabriel Resources, the majority shareholder Rosia Montana Gold Corporation, summoned Romania to court at a World Bank Tribunal, where it claimed losses of billions of dollars because the Government in Bucharest decided not to approve the exploitation of the gold mine Rosia Montana. The total updated value of the compensation requested by the companies Gabriel Resources Ltd. and Gabriel Resources (Jersey) in the international arbitration case opened against Romania, related to the “Ro?ia Montana gold mining project”, amounts to approximately USD 6.7 billion.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
