The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Thursday, 5 November 2015

Romanian people cannot tolerate corruption anymore

These days the international press are reflecting the local street protests in Bucharest and in main cities of Romania. The protesters’ main complaints surround government as well as petty corruption. The public protests that took place on Tuesday and Wednesday followed a fire in a Bucharest nightclub last Friday that resulted in 32 deaths and almost 200 injured. Blaming the tragedy on the generalized corruption, people took to the streets in Bucharest and elsewhere to ask for a full reform.

It looks that Prime Minister Ponta’s resignation is just the beginning of a deeper reform of the political class which is seen as deeply dissapointing. Romania’s President Klaus Iohannis announced on Thursday morning that he appointed Sorin Campeanu, the Education Minister as interim Prime Minister - he is an apolitical technocrat.

The President sent a very important message to the people that have been protesting in the streets of Bucharest and other cities in Romania on Tuesday and Wednesday, thanking them for the non-violent and unexaggerated manifestations. “I saw you, I heard you, and I will take your requests into account,” the President said.

“I have decided that in addition to consulting with the political parties today and tomorrow, I will also talk tomorrow to a new actor: the civil society. I will call on Friday afternoon for consultations a group that represents both the civil society and the street. It is important for me and I want to know their opinions and options,” Iohannis added.

On Wednesday evening, some 35,000 protesters were estimated to have taken over downtown Bucharest, with similar street protests in the main cities in Romania. The demonstrations were peaceful, with people asking for a deep reform of the political system in addition to the Governmental resignations announced earlier on Wednesday.

The protests started early this week with thousands protesting “across Romania on Tuesday, demanding cabinet resignations as the death toll from a nightclub fire reached 32, with dozens more people in hospital critically hurt”, wrote Reuters on Tuesday.

The US Ambassador to Romania Hans Klemm stated his appreciation of the way Romanians have mobilized to protest peacefully after the tragedy in club Colectiv.

“These past days have been both dynamic and very moving. We again offer condolences on the tragic loss of life on October 30 and in the days since. We applaud the non-violent exercise of freedom of speech and assembly, and encourage all Romanians to stay engaged in the civic process,” the Ambassador said in a statement.

“The United States of America and Romania are allies who enjoy a strong and vibrant strategic partnership. We look forward to working with President Iohannis, Interim PM Cimpeanu and the interim government on our shared priorities.”

Romania is the 2nd largest market in CE Europe after Poland and one of the most dynamic markets in the EU:

For tailor-made market research and opportunity analysis, acqusition target search, as well as B2B matchmaking with players in Romania and the emerging markets in Europe, feel free to contact FRD Center team at:
email: or tel: +4021 411 1459/ 60/ 61

FRD Center provides market research in Eastern Europe and the region, B2B matchmaking in the CE Europe and SEE, M&A assistance in Romania, in CEE and SEE


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