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Hungarian President Katalin Novak has resigned following mounting public criticism over her decision to pardon a man involved in a child sexual abuse case. “I decided to grant a pardon last April, believing that the convict did not exploit the vulnerability of the children whom he had overseen,” Novak said in her speech during a national televised address on Saturday. “I...

Romanian President Klaus Iohannis wants to lead NATO, Romanian diplomats notified  counterparts in the defense alliance on Thursday. Mr. Iohannis is considering challenging frontrunner Mark Rutte for the NATO top job, the diplomats said. The Romanian president's last-minute move, which comes after years of speculation in Romania, comes after the U.S., the UK, Germany and France have already declared support for...

Moldovan authorities on Wednesday have reinforced a ban on members of an outlawed Russia-backed party taking part in upcoming local elections. Moldova's Exceptional Situations Committee decided on Oct. 3 that members of the Shor Party who are charged, indicted, or suspected of committing criminal acts will be barred from taking part in November 5 elections. The CSE, which is led by...

Romania’s ruling coalition are proposing restricting access to TikTok after a survey showed  a growing reference for the far-right among young people. TikTok urgently needs to be regulated, especially in this election year, as it has become a platform for extremist messages popular with young people, Rareş Bogdan, a MEP for the Liberal Party. He wants TikTok to adopt similar rules...

eToro platform data shows 60% growth in over-55s investing in popular AI stocks vs 41% growth for 18-34-year-olds AI, Intel and NVIDIA see biggest QoQ jumps in opened positions amongst over-55s eToro Retail Investor Beat data finds 17% of over-55s upping allocation in sectors which stand to benefit from AI Retail investors aged 55 and over are embracing the...

The UK has officially confirmed it is supplying Ukraine with long-range missiles it requested for its fight against invading Russian forces, reports the BBC. The Storm Shadow cruise missile has a range of over 250km (155 miles), according to the manufacturer. These weapons will give Ukraine the "best chance" of defending itself, UK Defence Secretary Ben Wallace said. They are fired...

 Cameroonian striker, Aziz Njoya Njifakue who plays in Romania, has been sold for two containers. In what is possibly the oddest transfer ever in Romanian football, striker Njifakue, 27, who played for fourth division CSM Lugoj to join Viitorul Pandurii Târgu Jiu in the second division. Viitorul Pandirii paid two metal containers which will be used as changing rooms at CSM...

European Union leaders should allow formal talks on Ukraine and Moldova’s accession to the bloc to start once both countries have completed reforms, the European Commission said Wednesday. "In light of the results achieved by Ukraine and Moldova, and of the ongoing reform efforts, the Commission has recommended that the Council opens accession negotiations with both countries," the EU executive...

While kids are looking forward to what present Santa will leave under the tree on Christmas, investors are scrutinizing the markets for the seasonal rally. But this year, the Santa rally might have started earlier than usual, renewing investors' hopes for a profitable investment year and giving more cautiously positioned investors a dose of FOMO (Fear Of Missing Out), writes...

The Romanian National Audiovisual Council (CNA) has approved an ownership change at Antena TV Group, one of the country’s leading broadcasters. The development will see the transfer of shares of Dan Voiculescu’s daughters to a legal entity called Antena Holding SA, which now owns just over 83% of the group’s shares, Pagina de Media reported. It adds that the previous...