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Several private sector associations in Romania have issued an unprecedented statement urging political parties to keep the country firmly on its pro-European and trans-Atlantic trajectory, established after the fall of communism in 1989. The associations noted the critical importance of the business sector when it comes to Romania’s integration into the European Union and the…

Prime minister Marcel Ciolacu, the presidential candidate of the Social Democratic Party (PSD) who ranked third in the first round of the presidential elections, announced that he is withdrawing from the race regardless of the result of the vote recount that might bring him the second place and a spot in the final round. He…

The short-form video-sharing company TikTok, in an official statement sent on November 28 to Agerpres, assured that no evidence of a “covert influence operation” has been found on the platform in recent weeks related to the presidential elections in Romania, nor proof of foreign influence. “Although some claimed the existence of 5,000 fake accounts related…

Romania’s Supreme Country Defense Council (CSAT) summoned on November 28 announced that “cyber attacks with the aim of influencing the correctness of the electoral process” took place and, separately, that “a candidate for the presidential elections benefited from a massive exposure due to the preferential treatment that the TikTok platform granted him by not marking…

Romania’s Electoral Bureau (BEC) announced it would observe the Constitutional Court’s decision to recount the votes from the first round of the presidential elections but said that the updated bulletins from the voting polls would not be centralised sooner than December 1 at 22:00 (by email) or December 3 at 16:00 (in physical format).  This…

Romanians will vote on December 1 in the parliamentary elections, held amid unprecedented political turmoil caused by the overlapping with the presidential elections where the Constitutional Court called the recount of votes, and the Defense Council accused “cyberattack” and preferential treatment given by TikTok to the unexpectedly leading far-right candidate Calin Georgescu. A last poll…

OMV Petrom, the largest integrated energy producer in Southeastern Europe, announced a strategic partnership with NewMed Energy Balkan, a subsidiary of NewMed Energy, to advance exploration efforts in the Han Asparuh offshore block in Bulgaria.  NewMed Energy is Israel’s leading energy partnership in the exploration, development, production, and sale of natural gas and condensate.  The…

The Russian cybersecurity company  Kaspersky announced it decided to close its subsidiary in Romania, according to Profit.ro. “The closure of the local office in Romania is part of a larger process, carried out in Eastern Europe, a process that reflects Kaspersky’s focus on operational efficiency, a key component in the company’s overall strategy,” Kaspersky said…

The confidence indicator in the Romanian economy (ESI) remained in November at the highest level in the last 5 years, for the second month in a row, against the background of better assessments of managers in the trade sector and especially the increase in consumer optimism before the presidential and parliamentary elections, Profit.ro reported. The…

Romania’s Consumer Protection Agency, or ANPC, recently fined approximately 40 electricity providers nationwide with RON 500,000 (EUR 100,000) citing irregularities, including bills not issued according to contracts and unclear information about the final price provided to consumers.  The institution conducted a series of inspections across the country between September 23 and October 4 to verify…