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Third minister to leave Ciolos Cabinet: Opera ballet dancers force Culture Minister to step down

April 27, 2016

Premier Dacian Ciolos asked Vlad Alexandrescu to leave   While President Iohannis had just signed the decree appointing Cristian Ghinea as the new European Funds Minister, another member of the Ciolos Government, the third, was filing his resignation at the Premier’s request. The minister concerned was Culture Minister Vlad Alexandrescu, who was thus censured for […]

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Over 50 NGOs call on Bucharest city officials to increase fines for illegal deforestation

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Study: Nearly 7 in 10 Romanians say job impacts wellbeing, only 37% receive extra benefits

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Cold cuts producer Cris-Tim announces IPO dates on Bucharest Stock Exchange

Cris-Tim, the leader in the Romanian cold cuts and ready meal markets, announced on October 15 that it has received approval from the Financial Supervisory Authority to list its shares on the Bucharest Stock Exchange (BVB). The offering is taking place between October 17 and 29. The initial public offering consists of the sale of […]

Romanian Parliament passes private pensions law limiting disbursements

The private pensions law, which sets out how money can be withdrawn from private pension systems like Pillar II and III, passed the final vote in Parliament and is heading for promulgation. According to the new regulation, participants could withdraw at most 30% of the accumulated savings upon retirement. The rest of the money is […]