Romania has adopted a law that prohibits the acquisition and use, by public authorities, of cyber security software products and services from the Russian Federation, informs the National Cyber Security Directorate (DNSC).The law on the protection of information systems of public authorities and institutions in the context of the invasion launched by the Russian Federation against Ukraine entered into force on December 14, from the moment of publication in the Official Journal. The draft law was initiated by the Ministry of Research, Innovation and Digitization (MCID) and was voted by the Parliament on November 23, 2022.According to DNSC, the law establishes the legal and institutional framework for the prohibition of the acquisition and use by public authorities and institutions of cyber security and IT security software products and services originating directly or indirectly from the Russian Federation, from an economic operator under the direct or indirect control of a natural or legal person from the Russian Federation, from an economic operator whose capital is constituted with participation coming directly or through companies interposed in the Russian Federation or whose administrative bodies include persons from the Russian Federation.The law refers to all networks and computer systems that manage classified information, owned by public and private legal entities located on the territory of Romania, with the exception of those owned by public authorities and institutions with their own attributions in the field of national security, in the field of cyber security, national defense and public order.DNSC specifies that the law has a direct impact only on certain categories of organizations, but the Directorate recommends that all users and decision-makers in Romania carefully analyse the security solutions they use, in the context of the hybrid conflict between Russia and Ukraine.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
