Romania's Foreign Minister Bogdan Aurescu has ordered the summoning of the Russian ambassador in Bucharest Valery Kuzmin to the ministry's headquarters on Thursday morning.According to a press statement released by the Foreign Ministry, the summon was made amidst ongoing Russian military aggression against Ukraine, preceded by the illegitimate recognition by Russia of the so-called separatist "republics" Donetsk and Lugansk, being in line with similar action taken by all EU member states.Top strategic affairs official Iulian Fota condemned in the strongest terms the recognition by Russia of the so-called independence of the Ukrainian separatist regions Donetsk and Lugansk, as well as Russia's unprovoked military invasion and aggression against Ukraine.He said the actions were serious violations of international law and international commitments by the Russian Federation, including the UN Charter, the Helsinki Final Act, the Paris Charter for a New Europe, the Budapest Memorandum and the NATO-Russia Founding Act. He added that these actions will elicit a strong, coordinated and substantial response from the Euro-Atlantic community.He also reconfirmed Romania's position on the immediate and unconditional cessation of Russian military operations against Ukraine and the withdrawal of Russian armed forces from all over Ukraine. He pointed out that the Russian military aggression launched on the morning of February 24 had already caused fatalities and material damage.Fota also reconfirmed the Western community's unity and solidarity when it comes to Ukraine and noted that the set of restrictive measures already taken against Russia as a result of violations of international law will be properly supplemented as a result of the latest February 24 aggression.The official also reiterated firm support for Ukraine's sovereignty and territorial integrity within the internationally recognised borders. He underscored Ukraine's right to decide sovereignly on its foreign and security policy, and reconfirmed support for the legitimate and democratically elected Ukrainian authorities.
Romania registers one of the highest shares in Europe of people aged over 16 with disabilities who are at risk of poverty or social exclusion, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania. A total of 38.4% of people with disabilities in the country were at risk of poverty or […]
New research by Revolut Business among 150 Romanian business decision-makers (CEOs, CFOs, and COOs) revealed that local companies prefer to invest their money in modernizing their IT infrastructure and automating outdated systems rather than in artificial intelligence. When asked where the largest budget increase will go this year, ‘modernizing IT infrastructure and cloud migration’ takes […]
Romania’s modern retail market surpassed the 5 million sqm threshold in 2025, following the delivery of around 190,000 sqm of new retail space, about 20% above the average of the past five years, according to an annual report by Colliers. Despite a more moderate economic backdrop, 2026 is expected to bring roughly 240,000 sqm of […]
Romanian business leaders remain optimistic for 2026, with 86% of C-suite executives surveyed in Forvis Mazars's C-suite barometer: outlook 2026 expecting growth. This is slightly below the 92% reported globally and down from 90% in 2025. While confidence is strong locally, Romanian executives are more cautious than their global peers, reflecting the region's economic and […]
As one of the largest economies in the world, Germany is without a doubt one of the best countries to do business in. Economic stability, excellent infrastructure, and trade cooperation with nations worldwide are some of the reasons to launch a company here; however, they are not the only ones. What makes Germany appealing for […]
One United Properties (BVB: ONE) recorded total residential sales and pre-sales of EUR 174.1 million in 2025, corresponding to 57,018 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 577 apartments and commercial units, as well as 768 parking spaces, and represent a 18% price increase. The 18% increase in […]
