In a joint letter, the foreign ministers of the Czech Republic, Denmark, Estonia, Finland, Iceland, Ireland, Latvia, Lithuania, Norway, Poland, Romania and Sweden are calling on the G7 states to take additional measures to cut the Russian Federation's revenues from the sale of its energy carriers."With these revenues, Russia is funding its continuing aggression in Ukraine. A third of Russia's revenues and two thirds of its exports are linked to energy carriers," reads a press statement released by the Romanian Foreign Ministry (MAE) on Friday.According to MAE, the 12 states have consistently supported the adoption of the toughest possible restrictive measures against Russia.The G7 is thus encouraged to use a price cap on oil as an effective tool to limit Russian revenues, to impose additional sanctions on vessels involved in Russia's shadow fleet and those associated with it, and to consider further measures targeting the maritime transportation of Russian-origin export goods."Russia is using the shadow fleet to fund its war machine. The vessels of the shadow fleet are often old and in poor condition, posing environmental, maritime safety and security risks in Europe and our waters," according to the joint statement.
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
Romania’s leading bank, Banca Transilvania, announced the successful completion of its first AT1 (Additional Tier 1) bond issuance on the Dublin Stock Exchange. The final volume of subscribed orders reached over EUR 2.65 billion, representing an oversubscription 5.3 times higher than the amount BT intended to raise. More than 180 investors, a record in Banca […]
During the Executive Committee meeting on Thursday, November 20, the Romanian Gymnastics Federation decided to dissolve the national teams after a series of public accusations of harassment. The accusations are not new. At the end of October, upon returning to the country after the World Gymnastics Championships in Jakarta, 23-year-old athlete Denisa Golgotă revealed that […]
