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March 15, 2015 UPDATE

A roundup of domestic and international news

March 15, 2015 UPDATE
March 15, 2015 UPDATE

, 15.03.2015, 19:28

The PM of Romania, Victor Ponta, has announced that the Finance Minister, Darius Valcov, resigned, but the resignation will take effect after the draft Fiscal Code and Code of Fiscal Procedure have been finalised, in a few days. Previously, the President of Romania, Klaus Iohannis, had asked PM Victor Ponta to initiate the procedure to dismiss the Finance Minister Darius Vâlcov. The latter is being prosecuted in a corruption case, for offences perpetrated when he was the mayor of the southern Romanian city of Slatina. According to prosecutors, the manager of a company contacted Vâlcov and asked for his support in securing public work contracts, in exchange for 20% of the contract value. The mediator of the deal was the incumbent mayor of Slatina, the Social Democrat Ninel Florin Prina, who has been detained in the case. The Opposition had also called for the resignation of the finance minister.



The Romanian minister for the diaspora, Angel Tîlvăr, had meetings last week with members of the Romanian communities in the Canadian cities of Ottawa and Toronto, the Foreign Ministry announced. Tîlvăr reiterated the interest of the Romanian authorities in developing and diversifying educational modules in the form of Romanian language and civilisation courses. In turn, the representatives of the diaspora suggested the set up of a Romanian Cultural Centre in Toronto, as a means to contribute to the conservation and promotion of the national identity.



The Romanian foreign minister, Bogdan Aurescu, will take part on Monday in Brussels in a meeting of the EU foreign ministers. The agenda includes the developments in Libya, the migration in the Mediterranean region, prompted by security concerns, and preparations for the Eastern Partnership Summit due in Riga on May 21-22. On the side-lines of the Foreign Affairs Council, a meeting will be held of the Group for the Republic of Moldova’s European Action, organised by Romania and France. The group is an informal ministerial mechanism launched in January 2010 at Romania’s initiative, and designed to provide a political platform for promoting Moldova’s EU accession aspirations. Minister Aurescu told the public radio station on Sunday that Romania continues to support the Moldovan authorities in their pro-European efforts, and tries to attract as many EU member states as possible in this process.



The Dutch Parliament does not support at the moment Romania’s Schengen accession, on grounds that Bucharest has not met all the original requirements for becoming an EU member. The statement was made by the Dutch Ambassador to Bucharest, Matthijs van Bonzel, in an interview to a private television station in Romania. He added that according to the Dutch Parliament, Romania joined the EU without meeting a number of key requirements concerning fields like legislation, the judicial system, efficiency and impartiality in law enforcement, and institutional corruption, and that the country is now catching up, reaching the level it should have reached in 2007. The Dutch diplomat added that there is a connection between the Schengen accession and compliance with the European standards.

February 16, 2026 UPDATE
Newsflash Monday, 16 February 2026

February 16, 2026 UPDATE

Government. The bills on the public administration reform and the economic recovery package have been finalised and will be adopted by emergency...

February 16, 2026 UPDATE
Newsflash
Newsflash Monday, 16 February 2026

February 16, 2026

Government. The four-party coalition government in Bucharest intends to adopt this week, most likely on Thursday, the public administration reform...

February 16, 2026
February 15, 2026 UPDATE
Newsflash Sunday, 15 February 2026

February 15, 2026 UPDATE

PEACE Romania’s President, Nicusor Dan, has announced his intention to participate in the first proceedings of the Board of Peace in Washington...

February 15, 2026 UPDATE
Newsflash
Newsflash Sunday, 15 February 2026

February 15, 2026

RATING Fitch rating agency has affirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating at BBB- with a negative outlook. According to...

February 15, 2026
Newsflash Saturday, 14 February 2026

February 14, 2026 UPDATE

Rating. Fitch Ratings on Friday affirmed Romania’s sovereign rating at ‘BBB-‘ with a Negative Outlook, the agency said in a...

February 14, 2026 UPDATE
Newsflash Saturday, 14 February 2026

February 14, 2026

Rating. Fitch Ratings on Friday affirmed Romania’s sovereign rating at ‘BBB-‘ with a Negative Outlook, the agency said in a...

February 14, 2026
Newsflash Friday, 13 February 2026

February 13, 2026 UPDATE

Romania’s economy is in technical recession, INS warns Romania’s economy grew by 0.6% in 2025, but was in technical recession at the end of the...

February 13, 2026 UPDATE
Newsflash Friday, 13 February 2026

February 13, 2026

Economy. Romania’s economy grew by 0.6% in 2025, but was in technical recession at the end of the year, after its GDP fell two quarters in a...

February 13, 2026

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