Chairman of the Court of International Commercial Arbitration with the Romanian Chamber of Commerce and Industry (CCIR) Stefan Deaconu has been appointed arbitrator on behalf of Romania with the International Centre for Settlement of Investment Disputes (ICSID), part of the World Bank, according to CCIR. He is one of the lawyers who successfully represented Romania in the “Rosia Montana” trial, informs the Chamber of Commerce and Industry of Romania (CCIR).ICSID was established in 1966 by the Convention on the Settlement of Investment Disputes between states and nationals of other states (the ICSID Convention)."The appointment of Mr Stefan Deaconu as commercial arbitrator representing Romania within the most powerful institution in the field, ICSID, is nothing but a recognition of the merits of probably the best professional in the field in our country. Mr Stefan Deaconu has been the chair of the Court of International Commercial Arbitration with CCIR, since 2015, being unanimously re-elected in September 2023. Last but not least, we should remind the public opinion that Mr Stefan Deaconu is part of the team of lawyers who managed to avoid a real financial catastrophe for Romania, and I mean here the Rosia Montana trial. I am firmly convinced that Mr Stefan Deaconu will successfully represent Romania at ICSID, knowing closely both its hard work and the professionalism with which he deals with each case," according to CCIR Chairman Mihai Daraban.
The construction volume index in Romania increased markedly in Q3 by 12.1% q/q in seasonally and workday adjusted data, according to data published by the statistics office INS. All market segments gained momentum, but that of non-residential buildings stood out with a major 14.4% q/q surge. The outstanding performance in Q3 may have something to […]
Romania will travel to Turkey on March 26 for the semi-final of the 2026 World Cup play-offs, a match set against a backdrop of numbers that highlight both history and familiarity between the two sides. According to the
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
