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May 10, 2016 UPDATE

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May 10, 2016 UPDATE
May 10, 2016 UPDATE

, 10.05.2016, 12:30

ANTI-CORRUPTION SUMMIT Romania’s deputy Prime Minister Costin Borc and Justice Minister Raluca Pruna over Wednesday and Thursday will be participating in an anti-corruption Summit in London as well in the conference preceding it entitled ”Together in the fight against corruption”. According to the Justice Ministry in Bucharest, the summit hosted by British Prime Minister David Cameron, will be attended by international leaders, representatives of the business environment and civil society. High on the agenda will be government transparency, the enforcement of anti-corruption laws at international levels, consolidating international institutions and information confidentiality at corporation level.



PUBLIC PROCUREMENT A new law package on public procurement was passed on Tuesday by the decision-making Chamber of Deputies in Bucharest, a month later than the date set by the European Commission, which has criticised Romania for the delay. The new law has taken over community directions introducing rules that should be enforced in all EU countries. The adoption of the new legislative framework will simplify the public procurement process and reduce the number of contests. Romanian Prime Minister Dacian Ciolos has pledged the norms of applying the new laws will be adopted by the government as soon as possible.



ATTACK The man who stabbed to death a person wounding three others in the station of Grafing, close to Munich, is believed to have a history of mental health problems and drug abuse, Joachim Herrmann, interior minister of Bavaria state said at the same time ruling out the hypothesis of an Islamist attack, the DPA reports. Investigators have been following such a lead after the two Jihadi attacks that occurred against policemen in the past two months in Germany. German fighters belonging to the terrorist group ISIS in August 2015 issued threats against Germany and against chancellor Angela Merkel, pledging revenge for Germany’s support of the anti-ISIS fight and the presence of the German army in Afghanistan.



CELEBRATION In Romania May 10th is a national celebration, marking 150 years since the start of Carol 1st’s rule. Also on May 10th, 1877 the Romanian state proclaimed its independence and in 1881 Romania became a kingdom. On May 10th, 1866 prince Carol Hohenzollern-Sigmaringen was proclaimed ruling prince of the united Romanian Principalities under the name of Carol I. Royalty Day is being marked these days through various events across Romania. The Romanian Royal Family on Tuesday, May 10th celebrated Monarchy Day at the Peles Castle in Sinaia, a castle built by King Carol I. The Royal Standard has been raised at Peles for the first time since king Mihai’s abdication in 1947.


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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