The Romanian pension funds, the main Romanian investors in the bonds issued on the local market by the Russia-controlled International Investment Bank (IIB), are trying to obtain a waiver from the US that would allow the bank to pay them the money owed, using its assets blocked in the financial system of EU states.
The Foreign Ministry, the Ministry of Finance and the Financial Supervisory Authority (ASF) are assisting in this action.
The IIB, one of the two banks controlled by...
More than 3,500 Romanian and foreign military personnel will take part on Saturday, August 15, in the Romanian Navy Day celebrations and the naval exercise FNR 26.10 in Constanța, on Romania’s Black Sea coast, the Romanian Naval Forces said. Over 50 ships and boats, 15 military and civilian aircraft, two armored amphibious vehicles and five […]
Elite Grup, founded by entrepreneur Chimu Căpușan more than 30 years ago, has completed the acquisition of the Sanex site, a 17.2-hectare plot of land in northern Cluj-Napoca. The EUR 40 million transaction was cleared by both the Competition Council and the Commission for the Examination of Foreign Direct Investments (CEISD). The developer said the […]
Romanian swimmer David Popovici has won the 100m freestyle race at the European Aquatics Championships in Paris, his third consecutive European title in this event after wins in Rome (2022) and Belgrade (2024). The 21-year-old world and Olympic champion clocked in a time of 46.56, a new championship record, 0.16 off the record he had […]
Two unmanned aerial systems drifting in the Black Sea were destroyed during a controlled operation on Tuesday, August 11th, by Romanian Naval Forces EOD divers. The systems were spotted around 08:00 in Romania’s Exclusive Economic Zone – approximately 90 nautical miles off the coast of Constanța, near the Neptun Deep......
The last month of summer is well underway now, but open-air events are still going strong. Take the annual TIFF Unlimited caravan that travels to various cities with movies shown at the eponymous festival that took place at the beginning of June in Cluj-Napoca. You can check out the details here and on their FB […]
The plenary of the Romanian Chamber of Deputies adopted on Wednesday, August 12, a bill establishing the mechanism for the negotiation, approval and conclusion of transactions by the state. According to the new regulations, transactions concerning immovable property belonging to the state with a value greater than RON 500,000 (EUR 95,000) will have to be […]
