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Romania is not ready to uphold same-sex couples' rights - PM
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +2 min
BUCHAREST, Nov 24 (Reuters) - Romanian society is not ready to uphold the rights of same-sex couples in line with a European Court of Human Rights (ECHR) ruling, leftist Prime Minister Marcel Ciolacu said late on Thursday. The ECHR ruled in May Romania had failed to enforce the rights of same-sex couples by refusing to recognise their relationships, in a ruling which could eventually force policymakers to expand protections for the LGBT community. Asked whether Romania will enforce the ruling, Ciolacu told radio station Europa FM that "the Romanian society is not ready for a decision at the moment. Socially conservative Romania decriminalised homosexuality in 2001, decades later than other parts of the European Union, but still bars marriage and civil partnerships for same-sex couples. A referendum to change Romania's constitution to prevent same-sex couples from securing the right to marry failed to draw enough voters in 2018.
Persons: Marcel Ciolacu, Ciolacu, Luiza Ilie, Lincoln Organizations: of Human Rights, European Union, Thomson Locations: BUCHAREST, Romania, Romanian
Romania Is Not Ready to Uphold Same-Sex Couples' Rights - PM
  + stars: | 2023-11-23 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
BUCHAREST (Reuters) - Romanian society is not ready to uphold the rights of same-sex couples in line with a European Court of Human Rights (ECHR) ruling, leftist Prime Minister Marcel Ciolacu said late on Thursday. The ECHR ruled in May Romania had failed to enforce the rights of same-sex couples by refusing to recognise their relationships, in a ruling which could eventually force policymakers to expand protections for the LGBT community. Asked whether Romania will enforce the ruling, Ciolacu told radio station Europa FM that "the Romanian society is not ready for a decision at the moment. Socially conservative Romania decriminalised homosexuality in 2001, decades later than other parts of the European Union, but still bars marriage and civil partnerships for same-sex couples. A referendum to change Romania's constitution to prevent same-sex couples from securing the right to marry failed to draw enough voters in 2018.
Persons: Marcel Ciolacu, Ciolacu, Luiza Ilie, Lincoln Organizations: of Human Rights, European Union Locations: BUCHAREST, Romania, Romanian
Andrew Tate walks before delivering a press statement outside his house in Voluntari, Ilfov, Romania, August 4, 2023. Inquam Photos/George Calin via REUTERS/ File Photo Acquire Licensing RightsBUCHAREST, Oct 5 (Reuters) - Witnesses and alleged victims of controversial internet personality Andrew Tate are being harassed and intimidated in an effort to silence them, their lawyers said on Thursday. U.S. and British legal representatives of alleged victims held a press conference in Bucharest on Thursday. In Britain, four women are planning a civil lawsuit against Tate alleging he raped them between 2013 and 2016. Tate, a self-described misogynist, has gained millions of fans by promoting an ultra-masculine lifestyle that critics say denigrates women.
Persons: Andrew Tate, George Calin, Tate, Tristan, they've, Jillian Roth, Laffey, Kent, Roth, Mateea Petrescu, Matthew Jury, Luiza Ilie, Alan Charlish, Alex Richardson Organizations: REUTERS, Rights, Tate, Bucharest, National Center, Thomson Locations: Voluntari, Ilfov, Romania, Rights BUCHAREST, Bucharest, Bucci, United States, United Kingdom, Britain
BUCHAREST, Sept 30 (Reuters) - Romanian army radars detected a possible breach of national airspace during an overnight Russian drone attack against neighbouring Ukraine's civilian infrastructure, the defence ministry said on Saturday. Fragments of possible Russian drones were found on Romanian territory three separate times this month, underlying the security risks for NATO whose members have a mutual defence commitment. "Up until now there have been no fallen objects identified on national territory. Phone alerts were sent to residents in Tulcea and Galati counties once swarms of drones were detected heading to Ukraine near the Romanian border. NATO and Romanian officials have said there was no evidence that Russian strikes near the border were a deliberate attack on Romania, but called the strikes reckless and destabilising.
Persons: Luiza Ilie, William Maclean Organizations: NATO, Thomson Locations: BUCHAREST, Romanian, Russian, Russia, Ukrainian, Romania, Galati, Tulcea, Ukraine
[1/2] A view shows a building of Ukraine's Black Sea Danube shipping company destroyed during a Russian drone strike, amid Russia's attack on Ukraine, in Izmail, Odesa region, Ukraine August 2, 2023. In November last year, a missile hit southern Poland killing two people and prompting a brief security scare, although it was later determined that Ukrainian air defences were to blame. Among the targets were the Ukrainian ports of Izmail and Reni, both of which lie across the Danube from Romanian soil. "They (Russian drones) fly at very low altitudes, sometimes less than 200 metres (above ground) ... they are built in such a way that least reflects radar waves," he said. In July, when the Danube bombing campaign began in earnest, Russians had more targeted success because Ukraine had not set up extensive air defence systems in the area.
Persons: Nina Liashenko, Reni, Tudor Cernega, Jens Stoltenberg, Constantin Spinu, Cernega, Andrew Gray, Mike Collett, Philippa Fletcher Organizations: REUTERS, NATO, Local, Reuters, Thomson Locations: Russian, Ukraine, Izmail, Odesa, Romania, Moscow, BUCHAREST, Poland, Ukrainian, Russia, Romanian, Plauru, Ceatalchioi, U.S, ROMANIA, Kyiv, Brussels
[1/2] The French National Orchestra plays during the George Enescu Classical Music Festival, in Bucharest, Romania, September 21, 2023. The 27th Enescu festival, a biennial event, could bring in American orchestras for the first time in years, said Cristina Uruc, one of the main planners, alongside established festival performers. The 26th Enescu festival, named after Romania's most famous composer and begun in 1958, ends on Sunday with a performance by the Dutch-based Royal Concertgebouw Orchestra. "If we had a proper concert hall, top orchestras could play in Bucharest outside the festival as well, we could build on the classical music tradition this festival has created." Asked whether the rise of generative artificial intelligence threatened classical music performances, one artist at the festival said he was not concerned.
Persons: George Enescu, George Calin, Enescu, Cristina Uruc, Maestro Macelaru, Cristian Macelaru, Simon Rattle, Zubin Mehta, Vladimir Jurowski, Yuja Wang, Martha Argerich, Gautier Capucon, Uruc, Artexim, Capucon, Luiza Ilie, Matthew Lewis Organizations: French National Orchestra, George Enescu Classical, REUTERS Acquire, Rights, Enescu, Reuters, Concertgebouw Orchestra, London Symphony Orchestra, Rome's National Academy of Santa Cecilia Orchestra, Musicians, Communist Party, Thomson Locations: Bucharest, Romania, Rights BUCHAREST, Dutch, French, Sala
BUCHAREST, Sept 20 (Reuters) - The crew of a Togo-flagged general cargo ship bound for one of Ukraine's Danube river ports were evacuated early on Wednesday after an explosion on board near the Romanian port of Sulina, Romanian officials said. The Seama ship reported an explosion early on Wednesday and requested the evacuation of the 12-person crew near Sulina, where the Danube flows into the Black Sea. "At the moment the causes ... are unclear, whether it was a mine or merely an explosion in the engine room," Romanian Transport Minister Sorin Grindeanu told reporters. The crew were evacuated by the Romanian Agency for Saving Life at Sea (ARSVOM), which is coordinated by the transport ministry. Moscow has also been intensifying attacks on Ukraine's Danube river ports across from Romania since it abandoned a deal to lift a de facto Russian blockade of Ukraine's Black Sea ports.
Persons: Sorin Grindeanu, Luiza Ilie, Alex Richardson Organizations: Romanian Agency for, European Union, NATO, Thomson Locations: BUCHAREST, Togo, Romanian, Sulina, Russia, Ukraine, Bulgarian, Moscow, Romania, Ukraine's, Bulgaria, Georgia, Turkey, U.S
The Romanian government has said it aims to double the monthly transit capacity for Ukrainian grain through its Constanta port to four million metric tons in the coming months from virtually zero before the Russian war started. In August, roughly 2.7 million tons of Ukrainian grain passed through Constanta, Comvex manager Viorel Panait said in an interview with Reuters. Port operator SOCEP S.A. (SOCP.BX) said it had paid 10 million euros for new equipment at its grain terminal silo and ship loader. "I would say more than half of the port's 13 grain operators are already authorized or in the process of being so." A government source told Reuters Constanta now had a logistics capacity of 40 million tons of grains per year, sharply higher than its annual record high 25 million tons set in 2021.
Persons: George Calin, Viorel Panait, Panait, Gabriel Techera, Luiza Ilie, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Union, NATO, Moldovan, Decirom S.A, SOCEP S.A, Constanta Port Business Association, Thomson Locations: Constanta, Romania, Rights BUCHAREST, Romanian, Black, Ukraine, Moscow, Ukraine's, Russia, Ukrainian, Vadul Siret, Dornesti, Reuters Constanta
But the flood of grains and oilseeds into neighbouring countries reduced prices there, impacting the income of local farmers and resulting in governments banning agricultural imports from Ukraine. The European Union in May stepped in to prevent individual countries imposing unilateral bans and imposed its own ban on imports into neighbouring countries. Under the EU ban, Ukraine was allowed to export through those countries on condition the produce was sold elsewhere. EU Trade Commissioner Valdis Dombrovskis said on Friday countries should refrain from unilateral measures against imports of Ukrainian grain, but Poland, Slovakia and Hungary immediately responded by reimposing their own restrictions on Ukrainian grain imports. Farmers in the five countries neighbouring Ukraine have repeatedly complained about a product glut hitting their domestic prices and pushing them towards bankruptcy.
Persons: Cernat, Valdis Dombrovskis, reimposing, Terry Reilly, Volodymyr Zelenskiy, Robert Telus, Julia Payne, Alan Charlish, Jan Lopatka, Karol Badohal, Boldizsar, Pavel Polityuk, Luiza Ilie, Tom Polansek, Nina Chestney, Simon Webb, David Evans, Alistair Bell, Grant McCool Organizations: REUTERS, European Commission, European Union, EU, Ukraine, Facebook, EU Commission, Farmers, Solidarity, Thomson Locations: Black, Constanta, Romania, Ukraine, BRUSSELS, WARSAW, Poland, Slovakia, Hungary, Russia, EU, Bulgaria, Russian, Romanian, Prague, Warsaw, Budapest, Kyiv, Bucharest, Chicago
Hungary imposed a national import ban on 24 Ukrainian agricultural products, including grains, vegetables, several meat products and honey, according to a government decree published on Friday. Slovakia's agriculture minister followed suit announcing its own grain ban. EU PLEAEU Trade Commissioner Valdis Dombrovskis said on Friday countries should refrain from unilateral measures against imports of Ukrainian grain. Poland, Hungary and Slovakia previously said they may extend the restrictions unilaterally while Bulgaria on Thursday voted to scrap the curbs. In August, about 4 million tonnes of Ukraine grains passed through the Solidarity Lanes of which close to 2.7 million tonnes were through the Danube.
Persons: Cernat, Mateusz Morawiecki, Waldemar Buda, Valdis Dombrovskis, Volodymyr Zelenskiy, Julia Payne, Alan Charlish, Jan Lopatka, Karol Badohal, Boldizsar, Luiza Ilie, Nina Chestney, David Evans, Alistair Bell, Grant McCool Organizations: REUTERS, European Commission, European Union, EU, EU Commission, Ukraine, Farmers, Solidarity, Thomson Locations: Black, Constanta, Romania, Ukraine, BRUSSELS, WARSAW, Poland, Slovakia, Hungary, Bulgaria, Elk, Russia, EU, Russian, Romanian, Prague, Warsaw, Budapest, Bucharest
"I firmly condemn this incident caused by Russian attacks on Ukrainian Danube river ports." The attacks on Ukraine's river ports, just hundreds of metres from the Romanian border, have increased security risks for NATO whose members have a mutual defence commitment. The defence ministry said Romania's Naval Forces deployed search teams after local authorities alerted them to suspected drone fragments discovered 2.5 km southeast of the village of Plauru, across the Danube from the Ukrainian port of Izmail. Since July, when Moscow abandoned a deal that lifted a de facto Russian blockade of Ukraine's Black Sea ports, it has repeatedly struck Ukrainian river ports that lie across the Danube from Romania. Ukraine had said on Monday that drones detonated in Romania during an overnight Russian air strike on Ukraine's Izmail, but Romanian officials initially denied the reports before finding fragments on Wednesday.
Persons: Klaus Iohannis, Iohannis, Jens Stoltenberg, Stoltenberg, Ukraine's, Luiza Ilie, Philip Blenkinsop, Ros Russell Organizations: NATO, U.S . State Department, Romania's Naval Forces, Thomson Locations: BUCHAREST, Romania, Ukraine, NATO, Romanian, Russian, Russia, Plauru, Izmail, Moscow, Ukraine's, Constanta, Brussels
REUTERS/Andreea Campeanu/File Photo Acquire Licensing RightsSept 6 (Reuters) - Parts of what could be a Russian drone fell on Romanian territory, Romania's Defence Minister Angel Tilvar said on Wednesday, two days after Ukraine said Russian drones had detonated on the NATO member's land. Romanian officials had earlier denied reports of drones falling on Romanian territory and said Russian attacks in neighbouring Ukraine did not cause a direct threat. On Wednesday, Romanian President Klaus Iohannis said confirmation of the discovered parts belonging to a Russian drone would be a serious violation. "If it is confirmed that the components (found) belong to a Russian drone, such a situation would be inadmissible and a serious violation of Romania's sovereignty and territorial integrity," he said. Tilvar reiterated there was no direct threat and told Agerpres it was possible the drone did not explode upon impact but rather it simply fell or pieces landed on Romanian territory.
Persons: Andreea, Angel Tilvar, Klaus Iohannis, Tilvar, Iohannis, Agerpres, Alan Charlish, Luiza Ilie, Jason Hovet, Alexandra Hudson, Angus MacSwan Organizations: REUTERS, Romania's, NATO, CNN, Wednesday, Three Seas Initiative, Thomson Locations: Izmail, Plauru, Romania, Russian, Ukraine, Moscow, Ukraine's, Bucharest, Romania's, Poland, Ukrainian
[1/3] The port of Izmail seen from Plauru, Romania, September 5, 2023. The attack rattled windows in the Romanian border village of Plauru across the river and Popescu's trailer shook. Romania strongly denied it had been hit, but the attacks on Ukraine’s river ports, just hundreds of metres from the Romanian border, have increased security risks for NATO which has a collective defence commitment. "We have total control over our national space..."But, yes, we are concerned, because these attacks are taking place very close to the Romanian border. Since then, Russia has attacked Ukraine’s river ports Izmail and Reni repeatedly.
Persons: Andreea, beekeeper Gabi Popescu, Popescu, Klaus Iohannis, Reni, Daniela Tanase, Andreea Campeanu, Luiza Ilie, Nick Macfie Organizations: REUTERS, Russia, NATO, United, Thomson Locations: Plauru, Romania, Romanian, Ukrainian, Izmail, Ukraine, Russian, Poland, Russia, United Nations, Turkey
Romania denies Russian drones detonated on Romanian territory
  + stars: | 2023-09-04 | by ( ) www.reuters.com   time to read: 1 min
BUCHAREST, Sept 4 (Reuters) - Romania's Defence Ministry denied reports on Monday that Russian drones fell and detonated on Romanian territory in an overnight attack on Ukrainian port infrastructure on the Danube river, a spokesperson said. The spokesperson said the ministry would release a statement later on Monday. Earlier, Ukraine's foreign ministry said the drones had detonated on Romanian territory, which borders Ukraine. Reporting by Luiza Ilie; Editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.
Persons: Luiza Ilie, Andrew Cawthorne Organizations: Romania's Defence Ministry, Thomson Locations: BUCHAREST, Ukraine
Moscow has conducted long-range air strikes on targets in Ukraine since the start of its invasion last year. The Romanian Defence Ministry said Romania was not hit. "The ministry of defence categorically denies information from the public space regarding a so-called overnight situation during which Russian drones would have fallen in Romania's national territory," it said. "We heard the drones, the booms and the air defence systems across the river," she told Reuters by telephone. Ukraine has reported suspected Russian weapons flying over or crashing into neighbours, including NATO members, several times during the war.
Persons: Vladimir Putin, Tayyip Erdogan, Oleg Nikolenko, Nikolenko, Daniela Tanase, Oksana Savchuk, Erdogan, Putin, Andriy Yermak, Yermak, Pavel Polityuk, Olena Harmash, Tom Balmforth, Luiza Ilie, Timothy Heritage, Peter Graff Organizations: Russia, NATO, Reuters, Facebook, Romanian Defence Ministry, Thomson Locations: Ukraine, Russian, Romania, Bucharest, KYIV, BUCHAREST, Moscow, Ukraine's, Izmail, Romanian, Plauru, Russia, Poland, Ukrainian, Russia's Black, Sochi, Turkey, Kyiv
[1/5] Flames rise after an explosion at a LPG station in Crevedia, near Bucharest, Romania, August 26, 2023. Inquam Photos/Octav Ganea via REUTERS Acquire Licensing RightsBUCHAREST, Aug 26 (Reuters) - One person died and 46 were hospitalized after two explosions at a liquefied petroleum gas station in the Romanian town of Crevedia, near the capital Bucharest on Saturday. A second explosion took place at the LPG station on Saturday evening injuring 26 firefighters, Deputy Interior Minister Raed Arafat who is in charge of the emergency response unit told reporters. Of the 46 injured, eight were intubated after suffering severe burns, the government said. Reporting by Marek Strzelecki and Luiza Ilie; editing by Christina Fincher and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Ganea, Raed Arafat, Marcel Ciolacu, Arafat, Marek Strzelecki, Luiza Ilie, Christina Fincher, Daniel Wallis Organizations: Flames, REUTERS Acquire, Rights, Thomson Locations: Crevedia, Bucharest, Romania, Rights BUCHAREST, Romanian, Italy, Belgium
Romania deploys ship, chopper to find stray Black Sea mines
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
BUCHAREST, Aug 14 (Reuters) - Romania's navy said it deployed a ship and a helicopter on Monday to scout for stray mines on the country's Black Sea coast, after a pier in the seaside resort of Costinesti was lighly damaged in an explosion. Russia invaded Ukraine in February 2022, and mines have since then been laid in the Black Sea by the combatants. Romanian, Bulgarian and Turkish military diving teams have been defusing those that have drifted into their waters. The sea is crucial for shipments of grain, oil and oil products and is shared by Bulgaria, Romania, Georgia and Turkey, as well as Ukraine and Russia. Romania's navy said its divers were still investigating whether the explosion at the pier, which claimed no victims, was caused by a mine.
Persons: Luiza Ilie, John Stonestreet Organizations: European Union, NATO, Thomson Locations: BUCHAREST, Costinesti, Russia, Ukraine, Bulgarian, Bulgaria, Romania, Georgia, Turkey, Mangalia, U.S
BUCHAREST, Aug 9 (Reuters) - Romania's defence ministry said late on Tuesday it has cancelled a long-delayed deal to buy four warships from French firm Naval Group after the company and a junior partner failed to meet a deadline to sign a contract. Defence firm Naval Group won the contract to build four Gowind navy corvettes for Romania and renovate two existing frigates for 1.2 billion euros ($1.32 billion) in 2019 in partnership with Romanian company Santierul Naval Constanta. But the deal was held up, first by legal challenges and then by the two companies failing to reach an understanding concerning rising costs. The country, a NATO state since 2004 and EU member since 2007, has ramped up its defence spending to 2.5% of GDP this year in response to Russia's invasion of Ukraine. ($1 = 0.9110 euros)Reporting by Luiza Ilie; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Luiza Ilie, Andrew Heavens Organizations: Naval Group, Defence, Santierul, NATO battlegroup, Thomson Locations: BUCHAREST, Romania, Romanian, Santierul Naval Constanta, NATO, Ukraine, France
Andrew Tate, escorted by bodyguards, leaves the Bucharest Tribunal in Bucharest, Romania, June 21, 2023. Inquam Photos/Octav Ganea via REUTERS/File PhotoBUCHAREST, Aug 4 (Reuters) - A Bucharest court ruled on Friday to release internet personality Andrew Tate from house arrest where he is awaiting trial on charges of human trafficking, placing him under judicial control, a lighter restrictive measure. Under the new measure, the four suspects can leave the house, but not the capital Bucharest and the surrounding Ilfov county. The Tate brothers, who have dual U.S. and British citizenship, have been under house arrest since April pending an investigation into abuse against seven women, whom prosecutors say were lured through false claims of relationships. Tate, a self-described misogynist, has gained millions of fans by promoting an ultra-masculine lifestyle that critics say denigrates women.
Persons: Andrew Tate, Ganea, We've, Tate, Tristan, Luiza Ilie, Sharon Singleton, Mark Porter Organizations: REUTERS, Bucharest, Tate, Thomson Locations: Bucharest, Romania, BUCHAREST, Romanian, Ilfov
Romania bids to clear Danube logjam after Ukraine attack
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +4 min
Romanian authorities managing the waterway still expect a "peak" in traffic in August, despite the attack, an official said. Before Russia pulled out of the safe passage corridor, the Danube ports accounted for around a quarter of Ukraine's grain exports. Romanian President Klaus Iohannis said Russia's attacks on Ukraine's civilian infrastructure on the Danube amounted to war crimes. "We will clear around 30 ships in two days, at least 12 today, if not 14, and the rest tomorrow." Industry sources have told Reuters war risk cover for Ukraine's ports that were part of the previous grain deal had already been suspended.
Persons: Klaus Iohannis, Florin Uzumtoma, Uzumtoma, Izmail, Denys Shmyhal, Shmyhal, Mykola Solsky, Luiza Ilie, Jonathan Saul, Pavel Polityuk, Peter Graff, Conor Humphries Organizations: United, Reuters, underwriters, Industry, Insurance, NATO, Thomson Locations: Romania, Ukraine, BUCHAREST, KYIV, Izmail, Ukrainian, Russia, United Nations, Turkey, Romanian, Constanta, Musura, Bucharest, London, Kyiv
By comparison, Romanian port operators handled 8.6 million tonnes of Ukrainian grain in the whole of 2022. At its peak so far, Constanta handled 25 million tonnes of grain per year, which Panait said will be exceeded in 2023. "There is an accelerated course and everyone on it, the state, the port authority, port operators aim to boost operating and transit speeds, and the grain quantities," he said. Freight logistics group TTS (TTS.BX), which handles agricultural products, minerals and chemicals on the Danube river, completed the takeover of Constanta port solid bulk cargo operator Decirom S.A. earlier this month. It is one of five eastern EU countries that experienced an influx of Ukrainian grain as a result of Russia's invasion, leading the EU to approve temporary restrictions that meant grain could only transit through the countries.
Persons: Viorel Panait, Panait, TTS, Izmail, Luiza Ilie, Barbara Lewis Organizations: Monday, Constanta Port Authority, Reuters, Constanta Port Business Association, Freight, Decirom S.A, EU, Thomson Locations: BUCHAREST, Romania's Constanta, Russia, Constanta, Hungary, Serbia, Romanian, Romania, Ukraine, Reni, Ukrainian, Vadul Siret
Romanian port operators shipped 8.6 million tonnes last year, and 6.3 million tonnes in the first five months of 2023, the Constanta Port authority told Reuters. The port handled 12.17 million tonnes of grains overall in the first five months, a 21% jump on the year. "There are premises that Constanta Port will see a new traffic record," the authority said. As a result, the port could be overwhelmed, even if Black Sea grain initiative is extended, according to Cezar Gheorghe of Romanian grain market consultancy AGRIColumn. The port has a storage capacity of 2 million tonnes, but flows need to be stringently separated for origin certification.
Persons: Cezar Gheorghe, Gheorghe, Luiza Ilie, Marek Strzelecki, Pavel Polityuk, David Evans Organizations: United, Constanta Port, Reuters, AGRIColumn, European Union, EU, Thomson Locations: BUCHAREST, Constanta, Romania, Ukraine, United Nations, Turkey, Romanian, Constanta Port, Moldova, Odessa, Istanbul, Russian, Suez, Western Ukraine, Bucharest, Europe, Warsaw
BUCHAREST, July 5 (Reuters) - Romanian energy producer Hidroelectrica's IPO has been priced at 104 lei ($22.87) per share, it said on Wednesday, implying a market capitalisation of $10.3 billion in what a government minister described as a "historic success." "We are happy to see the strong investor interest which has driven a successful outcome," said Chief Executive Bogdan Badea. The stock will start trading on July 12 on the Bucharest bourse. The government will retain its 80% holding in the country's largest energy producer, which has power capacity of 6.3 gigawatts from 182 hydroelectric plants. The performance of the shares once they start trading will be watched closely.
Persons: Bogdan Badea, Fondul Proprietatea, Franklin Templeton, Sebastian Burduja, Austria's Verbund, Luiza Ilie, Pablo Mayo, Alexandra Schwarz, David Goodman Organizations: Bucharest bourse, U.S, EU, Bucharest Stock Exchange, Romanian Energy, CAB Payments, Bankers, Vienna Stock Exchange, Pablo Mayo Cerqueiro, Thomson Locations: BUCHAREST, Romanian, Bucharest, London
[1/2] A view of the cereal terminal with grain silo in the Black Sea port of Constanta, Romania, May 11, 2022. The harvest season begins around July, when Ukraine's Black Sea grain corridor could collapse, and it typically runs until October. At its peak, Constanta port handled roughly 25 million tones of grain exports a year. Agritel estimates its wheat harvest at 8.76 million tonnes, while grain trade association Coceral sees it at 9.57 million tonnes and Romanian consultancy AGRIColumn at 10.5 million tonnes. By comparison, Romanian consultancy AGRIColumn expects Romania will have up to 21 million tonnes of grains and oilseeds available to export in the 2023/2024 season.
Persons: Olimpiu Gheorghiu, Coceral, AGRIColumn, Luiza Ilie, Louise Heavens Organizations: REUTERS, Union, United, Reuters, European Union, EU, Thomson Locations: Black, Constanta, Romania, BUCHAREST, Ukraine, United Nations, Turkey, Brussels, Kyiv, Romanian
Influencer Andrew Tate to stay under house arrest, court rules
  + stars: | 2023-06-23 | by ( ) www.reuters.com   time to read: +2 min
BUCHAREST, June 23 (Reuters) - Internet personality Andrew Tate will remain under house arrest in Romania for another 30 days from the end of June pending trial on charges of human trafficking, a Bucharest court ruled on Friday. They are under house arrest pending an investigation into abuses against seven women whom prosecutors say were lured through false claims of relationships, accusations the suspects have denied. The four suspects were held in police custody from Dec. 29 until March 31 before a Bucharest court put them under house arrest, which prosecutors on Tuesday sought to extend. The court needs to approve preventative restrictive measures such as house arrest every 30 days. "We're not the first affluent wealthy men who have been unfairly attacked," Tate told reporters on Wednesday after the hearing.
Persons: Andrew Tate, Tate, Tristan, We're, Prosecutors, Luiza Ilie, Octav, Alan Charlish, Peter Graff Organizations: Thomson Locations: BUCHAREST, Romania, Bucharest, United States, Britain
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