Parliament on Tuesday passed a motion of censure initiated by the opposition Social Democratic Party (PSD).The vote was 281 to nil out of 281 cast. 318 lawmakers were in attendance. The lawmakers of the National Liberal Party (PNL), Hungarian Democratic Union of Romania (UDMR) and of the national minorities did not vote.It would have taken 234 ayes for the motion to succeed."Parliament is hereby voting for the motion of censure thus withdrawing its confidence in the government by the decision of the Romanian Parliament no. 31 of 2020. Under article 110 (4) in the Constitution, the government whose term of office ceases shall continue to fulfill only the acts required for the administration of public affairs, until the members of the new government take the oath," announced Speaker of the Chamber of Deputies Ludovic Orban. According to the Law on Government organization and functioning, the Citu Cabinet will continue to carry out only actions with individual or normative character needed for the administration of public matters, without promoting new policies, until the new government members take the oath. During this period of time the government cannot issue orders and initiate draft laws. In parallel, article 103 of the Constitution establishes that the president of Romania appoints a candidate for the position of prime minister after consulting the party with absolute majority in Parliament or the parties represented in Parliament. The candidate for the position of premier will ask, in 10 days since being appointed, the vote of confidence in Parliament on the government program and full list. The program and list are debated by the Chamber of Deputies and Senate in joint session. Parliament grants confidence to government with the majority vote of deputies and senators. Once the new government is sworn in in front of president Iohannis, it can start its activity.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
