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The Venice Commission, in the plenary session from March 13 to 15, has formally adopted its final report on the annulment of Romania’s presidential elections, concluding that such a decision should only be taken in “extraordinary situations” in compliance with several principles and should preserve the electorate’s right to free elections. The report was prompted…

The Romanian Presidential Administration, currently under interim president Ilie Bolojan, has declassified and made public the costs incurred for the flights taken by former president Klaus Iohannis from January 2015 to February 2025, the time he was in office. Iohannis undertook a total of 193 official trips during his mandate, amounting to approximately 450 flights,…

Agroland Business System, which operates the largest network of agricultural stores in Romania, listed on the Bucharest Stock Exchange its second issue of registered, dematerialized, unsecured, and non-convertible bonds, with a total value of RON 6.92 million (EUR 1.4 million). The bonds carry a nominal fixed coupon of 9.75% / year, payable semi-annually, with the…

The substance of the revision, by emergency ordinance OUG 21/2024, of the merger of local and European elections in Romania in 2024 does not go against international standards, the Venice Commission concludes in a report published on March 18, while admitting that the procedure was still problematic in some aspects. Romania’s Government decided last spring,…

Booster Capital, a private equity fund launched in late 2024, has reached an agreement to acquire a significant stake in Bisbags, one of Romania’s leading manufacturers of paper bags and packaging, according to Profit. The company operates a production facility in Petriș, in Bistrița-Năsăud county. The investment will primarily provide growth capital to support Bisbags’…

Romanian company Avant Airports has confirmed in an email to Romania Insider its plans to develop Alexeni Airport, a EUR 400 million project near Bucharest, aiming to become the largest cargo hub in Eastern Europe within the next three years.  The announcement comes a year after the company signed a concession contract with local authorities…

The local authorities in Cluj County, central Romania, are exploring the option of financing the expansion of the Avram Iancu International Airport in Cluj-Napoca through bonds issued at the Bucharest Stock Exchange (BVB). The airport would reach an annual capacity of 20 million passengers per year from 1.5 million currently. Alin Tişe, the president of…

One of the most acclaimed and highly regarded pianists in the world, Martha Argerich, will return to the stage of Romania’s George Enescu International Festival for two concerts in August and September. More specifically, on Sunday, August 31, Martha Argerich will perform at the Palace Hall, interpreting Piano Concerto No. 1 in C major, Op.…

Romania’s interim president Ilie Bolojan is set to appoint former prime minister Dacian Cioloș as honorary advisor starting March 20, according to an announcement from the Presidential Administration. He will be responsible for involvement in coordinating and monitoring the implementation of Romania’s strategic partnerships. Dacian Cioloș served as the prime minister of the technocratic government between…

Romania still holds the highest road fatality rate in the European Union (EU), with 77 deaths per million inhabitants, despite declines of 4% in 2024 compared to the previous year and 21% compared to 2019, according to preliminary figures published by the European Commission (EC) on March 18. The EU average was 44 road deaths per…