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 Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
Furnica Hotel, located near the famous Peleș Castle in the mountain town of Sinaia, and one of the landmark buildings of the Peleș Royal Domain, has been officially put up for sale by the Royal House of Romania. The hotel, whose initial purpose was to serve as housing for the staff employed by the Royal […]
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
