The Romanian Parliament convened on Friday afternoon to vote on a request to impeach President Traian Basescu. The votes of 217 members are needed to suspend the President, and the governing alliance of Social Democrats and Liberals (USL) hold by themselves 212 votes. The Constitutional Court issued an advisory ruling on the request earlier today, but gave no final ruling whether the arguments including in the impeachment request were valid. The vote comes as EU pressures intensify on USL, an alliance accused of threatening the rule of law. In his speech at the beginning of the Parliament session today, Basescu pointed out that, for USL, more important than his suspension the interest to take hold of all reigns of power, including justice.
UPDATE 8.10 p.m. Parliamentary debates are over. Voting on President Basescu's impeachment has started
UPDATE Senate speaker Crin Antonescu - a Liberal who is due to take over as interim President if Basescu is suspended, said he would witdraw from politics if Basescu is not dismissed in a referendum
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
