(Reuters) - Romanian President Traian Basescu survived a referendum on his impeachment on Sunday after the voter turnout fell short of the required level and derailed an effort by his opponents to oust him from office.Leftist Prime Minister Victor Ponta's efforts to unseat the conservative Basescu have brought a stern dressing-down from the European Union, which accused him of undermining the
Prime minister Ilie Bolojan and Schwarz Group CEO Gerd Chrzanowski discussed on March 10 at the government’s headquarters investments in food production in Romania and the promotion of Romanian producers on European markets. Producing locally and exporting the products of Romanian suppliers were on the agenda, as well as the government’s stimulus package available to […]
Greek toy and home decoration retailer Jumbo has purchased the premises of a former clothing factory in Baia Mare, northwestern Romania, where it plans to open its 21st hyperstore in the country, according to Profit.ro. The transaction is part of Jumbo's continued expansion in Romania. The clothing...
Austrian banking group Raiffeisen Bank International is close to an agreement to acquire the Romanian subsidiary of Spanish bank BBVA, Garanti BBVA Romania, according to people close to the discussions cited by Bloomberg. Garanti BBVA Romania is the local subsidiary of the BBVA-held Turkish financial group...
Romanian prime minister Ilie Bolojan said the government will submit arguments to the Constitutional Court (CCR) in support of the four measures included in the public administration reform package challenged by the Ombudsman. The PM acknowledged that the Ombudsman has the constitutional right to refer emergency ordinances to the CCR but noted that this prerogative […]
The Romanian state will pay RON 3.75 billion (EUR 735 million, 0.18% of GDP) to the energy suppliers this year, as compensation for the electricity and natural gas delivered to residential and part of the commercial consumers at capped prices, below the average market prices, according to
The budget revenues are expected to rise this year by 11%, according to the 2026 budget plan, driven by 16% stronger VAT collection, Ziarul Financiar reported, citing the draft budget plan published by the Finance Ministry. The daily questions the optimistic assumptions of the government, on the revenues...
