86,9% of Romanian active voters voted in favor of dismissing President Traian Basescu and 13% against it in the Sunday referendum, but voter turnout stood at 44.01% at 9 p.m., two hours before closing polls, according to an Operations Research exit poll presented by news channel Realitatea TV at 11.00 p.m.. A separate exit poll by CCSB company for Antena 3 news channel showed 84% of active voters voted in favor of the impeachment and 16% against it, with a turnout of 44% by 9 p.m. 50% plus one of the total number of listed voters in Romania have to cast their votes by 11 p.m. for the referendum to be validated, with President Basescu and his political supporters urging people not to attend the poll, which they call a "coup d'etat" by the governing coalition.
UPDATE Preliminary turnout data for closing polls (11.00 p.m.) announced by the Central Electoral Office late in the night show 45.92% of the total number of listed voters cast their ballots in the referendum, less than the 50%+1 threshold for the referendum to be validated.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
