Friday

29th Mar 2024

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Thousands rally in Bucharest against government for second night

Around 40,000 Romanians flooded the capital Bucharest on Saturday for a second night of anti-government protests, following violent clashes injuring more than 400 people on Friday. Romania's president Klaus Iohannis condemned Friday's "brutal intervention of the gendarmerie" while the crowds were blowing horns and shouting "resignation", Reuters reported. Protesters are angry over widespread corruption, low wages and attempts by the governing Social Democrats (PSD) to weaken the judiciary.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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