Radu MarinasMarch 11, 2014BUCHAREST (Reuters) - Romania's lower house of parliament on Tuesday overwhelmingly voted to block an investigation by state prosecutors of former Finance Minister Daniel Chitoiu who they suspect abused his power to further the interests of a private insurance company.The European Union has repeatedly raised concerns about a failure to tackle rampant high-level corruption in Romania and Bulgaria,
At the beginning of 2025, Standard & Poor's (S&P) signaled the potential downgrade of Romania's credit rating to junk status, triggering significant repercussions for its real estate market and investment landscape. This potential downgrade could impact investor sentiment and spark a notable shift from institutional to informal investors. Over the...
Maestro Cristian Măcelaru, the artistic director of the George Enescu International Festival, has curated a series of 27 exceptional concerts at Sala Palatului in Bucharest. These performances will feature 16 prestigious orchestras from Romania and around the world in an edition marking 70 years since the passing of the great Romanian composer and musician George […]
The grounds for the annulment of the 2024 presidential elections are in the Constitutional Court’s ruling, president Klaus Iohannis said when asked to comment on the Venice Commission’s recommendations on the best practices for scrapping elections. “In the [according to the] Constitution, the Constitutional Court (CCR) validates or invalidates the presidential elections. I hear voices […]
The Employers' Organization of Private Railway Companies in Romania (OPSFPR) has filed a new complaint with the European Commission, claiming that the government is using newly-established company Carpatica Feroviar in a scheme aimed at avoiding the recovery of incompatible state aid from insolvent state company CFR Marfa. According to OPSFPR, Carpatica Feroviar is not selling […]
The government of Romania will continue to distribute as dividends, from the companies it controls, at least 90% of net profits until 2028, according to the Report on the Macroeconomic Situation for 2025 and the Projection for 2026-2028 accompanying the state budget law consulted by Cursdeguvernare.ro. ...
Romania sold EUR 2.8 billion in two FX bonds denominated in euros, with maturities of five and nine years, and USD 1.25 billion (EUR 1.21 billion) of 12-year US dollar-denominated bonds, according to Economedia.ro. The timing of the issue is complicated...
