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November 20, 2024

A roundup of local and world news.

Newsflash
Newsflash

, 20.11.2024, 13:59

BONDS – Foreign investors are showing great interest in the Romgaz bond issue, according to the company’s CEO Răzvan Popescu. He says the money raised from the listing on the Bucharest Stock Exchange will be used for the company’s investment program, especially the strategic Neptun Deep project in the Black Sea. Romgaz, the largest producer and main supplier of natural gas in Romania, listed its first international corporate bond issue on the Bucharest Stock Exchange on Tuesday, worth 500 million euros. The bonds are also listed on the Luxembourg Stock Exchange.

 

INVESTIGATION – Prosecutors with the Cluj-Napoca office of the European Public Prosecutor’s Office are investigating a possible fraud involving European funds, with an estimated damage of 2 million euros. The case involves three projects to modernize a vegetable farm in Maramureş (north). The prosecutors’ suspicions concern the use of false, incorrect or incomplete documents in order to obtain EU funds for the purchase of a tomato sorting and packaging facility and for the installation of photovoltaic panels. According to the investigation, the suspects allegedly forged documents and signatures in order to mislead the authorities. On Tuesday, searches were carried out at the home of a person and at the headquarters of companies targeted by this case.

 

CYBERSECURITY – A new edition of the CyberCon Romania 2024 international conference, organised by the Romanian Association for Information Security Assurance jointly with the US Embassy in Romania, is sunder way in Bucharest. . The conference, a landmark event in the field of cybersecurity, is held at the European Commission Representation in Romania and brings together experts from the public, private and academic sectors. According to the organizers, among the topics addressed are: current challenges and trends in the field, maintaining resilience for a secure digital infrastructure, improving cooperation between the defense and civilian sectors, the evolution of cyber threats and innovative solutions to combat them, as well as recommended practices to unite cybersecurity and cybercrime prevention.

 

PROTESTS – The Romanian Trade Unions Federation in Energy staged a protest in front of the Ministry of Labor and Social Solidarity offices in Bucharest on Wednesday, on the topic of the new Pension Law, which entered into force on September 1. According to the trade unionists, the law endangers workers in the integrated nuclear field, because it increases the contribution period in their case and sets a minimum age threshold of 45 years for their retirement. Unionists want the contribution period and the retirement conditions for Level I and II of radiation exposure be maintained as stipulated by the previous Pension Law.

 

DRONE – A new Russian drone has been found in the north of Chisinau, the capital of the Republic of Moldova, neighboring Ukraine invaded by Russian troops. According to the National Police, which reported the case, this is the fourth flying object observed on the territory of the Republic of Moldova in recent days. The drone was found on a plot of land located between a shopping centre and a stadium, by a citizen who alerted the authorities. On Sunday, the Moldovan authorities announced that two Russian missiles had entered the airspace of the Republic of Moldova. This is the first time that a Russian drone has been reported in the airspace of the capital of the Republic of Moldova.

 

UKRAINE – A thousand days after the start of the Russian invasion, the European Parliament promises Ukraine that the EU will stand by it for as long as necessary. The leader in Kyiv, Volodymyr Zelensky, said that without European support, Ukraine would have been occupied by Russia. The EP held a plenary session in Brussels on Monday, and the European Defense Ministers held a meeting, to which NATO Secretary-General Mark Rutte was also invited.

Newsflash
Newsflash Saturday, 21 December 2024

December 21, 2024 UPDATE

Parliament. On Saturday, the two chambers of the Romanian Parliament gathered in plenary session to validate the mandates of the newly elected MPs,...

December 21, 2024 UPDATE
Newsflash
Newsflash Saturday, 21 December 2024

December 21, 2024

Parliament. The two chambers of the Romanian Parliament have gathered in plenary session to validate the mandates of the newly elected MPS, after...

December 21, 2024
Newsflash
Newsflash Friday, 20 December 2024

December 20, 2024 UPDATE

  PARLIAMENT The two chambers of the Romanian Parliament resulting from the elections on December 1 Friday convened in separate sessions for the...

December 20, 2024 UPDATE
Newsflash
Newsflash Friday, 20 December 2024

December 20, 2024

Parliament. The two chambers of the Romanian Parliament resulting from the elections on 1st December are meeting today in separate sessions for the...

December 20, 2024
Newsflash Thursday, 19 December 2024

December 19, 2024 UPDATE

TALKS The last thing Romania needs is a wide-scale governmental and Parliamentary crisis, the country’s president, Klaus Iohannis, said on...

December 19, 2024 UPDATE
Newsflash Thursday, 19 December 2024

December 19, 2024

Coalition – This is not the time for petty arguments, and every leader must see himself as a statesman and negotiate in order to have a...

December 19, 2024
Newsflash Wednesday, 18 December 2024

December 18, 2024 UPDATE

Council – Romania’s President, Klaus Iohannis, who is participating in the EU Summit – Western Balkans and the European Council meeting,...

December 18, 2024 UPDATE
Newsflash Wednesday, 18 December 2024

December 18, 2024

A roundup of local and international news.   RATING – Fitch Ratings has revised the Outlook on Romania’s Long-Term Foreign-Currency...

December 18, 2024

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