US Ambassador to Romania Hans Klemm said on Wednesday that three years after the Colectiv club tragedy, he would not have expected the fight against corruption would be weakened, the independence of the judiciary would be under threat, and the selection of prosecutors would again be politicized, pointing out that these are a cause of great concern to the United States. “Looking back three years, what I would not have expected is that the fight against corruption would be weakened as it has recently; that independence of the judiciary would be under threat; that there is an ever-higher risk that selection of prosecutors would again be politicized. This is something I would not have predicted three years ago. Of course, as American ambassador this is something of great concern to me personally, my embassy, and also to the United States.’ Ambassador Hans Klemm said at the Memorial dedicated to the victims of the Colectiv club, according to the speech issued by the US Embassy. He remembered the solidarity and mobilization he saw after the tragedy, on the part of Romanians, of some countries and companies, to help the victims of the Colectiv club tragedy. “The United States, unfortunately, was too far away to give immediate medical support to those who suffered so badly, but we tried to do what we could and, of course, our hearts are with the families and friends of those who suffer,” said Hans Klemm. The US Ambassador also appreciated how the Romanians reacted after the tragedy, as they saw those young people who lost their lives as victims of corruption. “They said they were determined to fight corruption”, added the ambassador.
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
