Strasbourg, 16.03.2022 – In an extraordinary meeting this morning, the Committee of Ministers decided, in the context of the procedure launched under Article 8 of the Statute of the Council of Europe, that the Russian Federation ceases to be a member of the Council of Europe as from today, after 26 years of membership. On 15 March, the Parliamentary Assembly unanimously adopted an Opinion which considered that the Russian Federation can no longer be a member State of the Organisation. On 15 March, the Government of the Russian Federation informed the Secretary General of its withdrawal from the Council of Europe in accordance with the Statute of the Council if Europe and of its intention to denounce the European Convention on Human Rights. On 10 March, the Committee of Ministers decided to consult the Parliamentary Assembly on potential further use of Article 8 of the Statute. On 25 February, following an exchange of views with the Parliamentary Assembly, the Committee of Ministers decided to launch the procedure provided by Article 8 of the Statute and agreed to suspend the Russian Federation from its rights of representation in the Council of Europe, in accordance with its relevant Resolution on legal and financial consequences on the suspension. Russia joined the Council of Europe on 28 February 1996.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
