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The Romanian team took first place at the European Youth Chess Championship for teams in the under-12 category. The tournament took place in Terme Catez, Slovenia. The team, composed of Lucas Rusu, Răzvan-George Pârvu, Iustin Larion, and Iustin-Nicolas Cazacu, led by Petre Nad, achieved 5 victories and one draw in the 7 rounds and surpassed…

Simina Tănăsescu, seen as belonging to the reformist wing of the Constitutional Court of Romania (CCR), has been elected as the Court’s president for a three-year term following a vote held on July 11, Hotnews.ro announced. She succeeds Marian Enache, whose mandate expired earlier this month. Tănăsescu was appointed to the CCR in 2019 by…

Prime minister Ilie Bolojan, the only candidate for the position of president of the National Liberal Party (PNL) in Romania, was elected to this position on July 12 at the party’s Congress.  Bolojan served as interim PNL head after Nicolae Ciuca resigned following his failure in the presidential elections last November. During his term as…

The average net wage in Romania increased by 7.6% y/y to RON 5,508 (EUR 1,087) in May, while the real annual advance eased to +2.3% y/y – the slowest pace in nearly two years, according to data published by the statistics office.  Further moderation is expected as the government froze the wages in the budgetary…

The Trump Organization has announced the launch of its first luxury residential project in Romania, in partnership with Romanian developer SDC Imobiliare – a local Cluj Napoca-based real estate developer controlled by Ştefan Berciu. The project, Trump Tower Bucharest, marks the official debut of the Trump brand in the country, according to Ziarul Financiar. The…

The European Bank for Reconstruction and Development (EBRD) is close to selling Danube Logistics, the operator of Moldova’s main port, the international free port Giurgiulesti (PILG), to the state-owned operator of the Romanian port Constanta, following a competitive process that involved bidders from Turkey, Bulgaria, the Netherlands, and Denmark.  If completed, the deal will consolidate…

Social Democratic Party (PSD) member of the European Parliament Victor Negrescu has proposed a fourth reform package aimed at simplifying the procedures for accessing European funds in an effort to boost Romania’s absorption rate and administrative efficiency, according to Ziarul Financiar. Negrescu, a long-time advocate for European integration and institutional reform, stated that Romania must…

Cutting the public deficit to 7% of GDP this year is out of question, there is no way to achieve this – Romania’s prime minister Ilie Bolojan said in a press conference on July 11, adding that his government is striving to keep the budget gap “around 8% of GDP.”  The statement may disappoint those…

Romanian prime minister Ilie Bolojan announced on July 11 that the government is preparing its second and third fiscal-budgetary reform packages, to be finalised and presented by the end of the month. The measures are aimed at reinforcing the fiscal consolidation efforts initiated with the first package and ensuring continued investor confidence and political stability.…

There is a real environmental crisis in the south part of Romania, where over 100,000 hectares have already turned into desert or are at imminent risk of desertification, environment minister Diana Buzoianu warned. In a message posted on social media, she highlighted reforestation as one of the most effective responses to this growing threat. During…