Some EUR 3.1 billion were erased on the Bucharest Stock Exchange (BVB) on Wednesday, a day after the Romanian government announced a draft ordinance bringing major changes to taxation and other corporate regulations, less than two weeks before the new year. Energy and banking institutions were most affected by the BVB blow in the wake of the government announcement, which mainly affects banking, energy, telecom and insurance companies.
February 24, 2025, marks three years since Russia's invasion of Ukraine. In this context, interim president Ilie Bolojan reaffirmed Romania's full commitment to Ukraine's freedom, sovereignty, and independence. In a post on X, the Romanian leader said, "As we count 3 years since Russia's full-scale invasion against Ukraine, Romania reaffirms its full commitment to UA's […]
The US bases in Romania "are maintained and will even increase in importance," the US special envoy for Ukraine and Russia, Keith Kellogg, reportedly told Romanian foreign minister Emil Hurezeanu, according to Hotnews.ro. Kellog made...
Bucharest mayor Nicusor Dan, who decided to run for president after the isolationist candidate Calin Georgescu won the first round of the scrapped presidential ballot last November, argued that the US administration's bias towards Georgescu is only an effect of the asymmetric information caused by insufficient explanations provided by the Romanian...
The messages posted by Elon Musk on various social networks in support of the Romanian isolationist politician Calin Georgescu "is a form of interference with the country's domestic politics," Romanian foreign minister Emil Hurezeanu said, speaking for Prima TV station on February 22. Hurezeanu stressed that Musk "is only a private person,...
Major French drugs gangland figure Mohamed Amra, at that moment in pre-trial detention for a murder committed in 2022 in Marseille, escaped in May 2024 upon an armed operation causing the death of two prison officers, was captured by the Romanian law enforcement forces on February 22 and will be extradited to France within 30 […]
Romanian businessman Ovidiu Budeanu, the developer and owner of Arena Mall Bacău, is expanding the shopping center in a EUR 65 million project set to be completed next year. The investment will increase the mall’s surface area by 70%, with expansion works having commenced in 2023,
