Category: Uncategorized

Romanian prime minister Ilie Bolojan publicly invited the Social Democratic Party (PSD) to “join the far-right AUR” if it continues to oppose the government’s reform agenda, escalating tensions within the ruling coalition, Republica.ro reported. The statement came in response to harsh criticism from PSD interim president Sorin Grindeanu over the handling of the magistrates’ pensions…

Romania’s president Nicușor Dan said he expects a new draft of the magistrates’ pensions law to be completed within three weeks, expressing confidence that a political agreement will soon be reached, News.ro reported on October 25. The statement follows the Constitutional Court’s (CCR) decision on October 20 to reject the bill previously adopted by parliament…

The contribution to the public health system – CASS charged to recipients of pensions above RON 3,000 (some EUR 600) imposed by the government brought almost RON 9 billion (EUR 1.8 billion, nearly 0.5% of GDP) to next year’s budget, according to health minister Alexandru Rogobete, cited by Economedia.ro. Over the last 4-5 years, the…

Lukoil will have “an obligation” to sell its local refinery Petrotel before next month’s deadline, Romania’s state secretary for energy, Cristian Bușoi, told Politico in the context of the sanctions set by the US against two Russian oil companies. “We would be happy not to have Lukoil anymore,” Busoi added.  The Russian group has been…

Romanian businessman Dorinel Umbrărescu, with his core business in road construction, and the richest Ukrainian Rinat Ahmetov, owner of the Metinvest group, among others, have reportedly submitted offers to take over the ailing integrated steel mill Liberty Galati, currently part of Sanjeev Gupta’s Liberty Steel Group, according to Economedia.ro. “[Dorinel Umbrărescu] is one of the…

Thousands of worshippers and high-ranking officials gathered in Bucharest on Sunday, October 26, for the consecration of the mosaic paintings inside the National Cathedral – a landmark moment for Romania’s Orthodox faith. The ceremony was led by Ecumenical Patriarch Bartholomew I and Romanian Patriarch Daniel.  The ceremony was attended by Moldovan president Maia Sandu, Romanian…

On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create…

The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between…

French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local…

Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared…