Romanian researchers from the National Institute for Research and Development in Geology and Marine Geoecology (GeoEcoMar) and the University of Bucharest have entered the Guinness World Records after discovering the immense proportions of the largest lake in Earth's history, Paratethys.
Formed about 12 million years ago, the largest lake known to have ever existed on Earth is named Megalake Paratethys, which extended from the eastern Alps of Europe to what is now Kazakhstan in Central...
Simina Tănăsescu, seen as belonging to the reformist wing of the Constitutional Court of Romania (CCR), has been elected as the Court's president for a three-year term following a vote held on July 11, Hotnews.ro announced. She succeeds Marian Enache, whose mandate expired earlier this month. Tănăsescu...
Prime minister Ilie Bolojan, the only candidate for the position of president of the National Liberal Party (PNL) in Romania, was elected to this position on July 12 at the party's Congress. Bolojan served as interim PNL head after Nicolae Ciuca resigned following his failure in the presidential elections last November. During his term as […]
The average net wage in Romania increased by 7.6% y/y to RON 5,508 (EUR 1,087) in May, while the real annual advance eased to +2.3% y/y – the slowest pace in nearly two years, according to data published by the statistics office. Further moderation is expected as the government froze the wages in the budgetary […]
The Trump Organization has announced the launch of its first luxury residential project in Romania, in partnership with Romanian developer SDC Imobiliare – a local Cluj Napoca-based real estate developer controlled by Ştefan Berciu. The project, Trump Tower Bucharest, marks the official debut of the Trump brand in the country, according to
The European Bank for Reconstruction and Development (EBRD) is close to selling Danube Logistics, the operator of Moldova’s main port, the international free port Giurgiulesti (PILG), to the state-owned operator of the Romanian port Constanta, following a competitive process that involved bidders from Turkey, Bulgaria, the Netherlands, and Denmark. If completed, the deal will consolidate […]
Social Democratic Party (PSD) member of the European Parliament Victor Negrescu has proposed a fourth reform package aimed at simplifying the procedures for accessing European funds in an effort to boost Romania’s absorption rate and administrative efficiency, according to Ziarul Financiar. Negrescu,...
