Category: Uncategorized

The Social Democrat (PSD), Liberal (PNL), and Hungarian (UDMR) parties announced on December 17 that they agreed on a set of reforms to be implemented by their future government. Notably, the reformist Save Romania Union (USR) did not attend the meeting and is not among the signatories of the document.  The three other parties backed…

The Romanian real estate market experienced a significant price increase in 2024, with the cost of apartments rising 10% year-on-year, according to the annual Storia report. Buyer preferences also shifted, with three-room apartments becoming the most sought-after, accounting for 51% of demand, compared to two-room apartments, which led in 2023. In 2024, the average price…

Fitch Ratings announced on December 17 that it revised the outlook on Romania’s long-term forex Issuer Default Rating (IDR) to negative from stable while affirming the IDR at the latest investment-grade level (BBB-). “Political uncertainty has increased to high levels, and our assessment is that it will likely have a significant adverse effect on fiscal…

World-renowned tenor Jonas Kaufmann will perform in Romania for the first time at Sala Palatului in Bucharest next year. As part of the prestigious Nobility of Sound series, the extraordinary concert is scheduled for December 11, 2025, and tickets have already been put up for sale. With an impressive career spanning more than two decades,…

Romanian employees will have 17 legal holidays and days off in 2025, most of which will be during the work week.  In addition to legal holidays, Romanians could have two additional days off, approved by the government. Specifically, January 3 and May 2, 2025, would be free to connect January 1-2 with the weekend of…

Crypto wallets and e-wallets have different but complementary functions when handling digital assets and transactions. Although both are digital solutions intended to help store and move money, they address various requirements within the digital and financial landscapes.  Crypto wallets and e-wallets have distinct functions; what are their main differences? Purpose Crypto wallets are unique instruments…

The far-right, former independent presidential candidate, Călin Georgescu, recently threatened the judges of the Constitutional Court of Romania for their December 6 decision to annul the presidential elections, urging them to “correct their mistake.” Georgescu, whose far-right associates and financial backers are now being investigated, placed first in the first round of the presidential elections…

The European Commission (EC) has opened formal proceedings against Chinese social media platform TikTok for a suspected breach of the Digital Services Act (DSA). The breach is in relation to the latter’s obligation to properly assess and mitigate systemic risks linked to election integrity, notably in the context of the recent Romanian presidential elections on…

The Romanian Chamber of Deputies gave the final vote on the new Forestry Code on Tuesday, December 17. Adopted with 245 votes to 2 and 6 abstentions, the bill introduces essential reforms, including provisions for unrestricted access to forests, creating green belts around cities, stronger penalties for illegal logging, and introducing new forestry offenses. The…

Over the past four weeks, marked by a tense political context due to the presidential and parliamentary elections and the cancellation of the first round of presidential elections, online stores operating on the MerchantPro SaaS platform have maintained an upward sales trend. The performance during the period from November 18 to December 15, surrounding the…