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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Deliberations in Gabriel Resources versus Romania case begin at WB's settlement court

The World Bank Tribunal in Washington (ICSID) began deliberations in the case opened by the Canadian company Gabriel Resources against Romania, which has been going on for six years, local Adevarul reported.

The court accepted Roşia Montana's inclusion on the UNESCO heritage list as a piece of evidence, as an argument for the "bad faith of the Romanian state" invoked by the Canadian company.

The case was filed in 2015 by the Canadian company, set up by the Romanian businessman Frank Timis, that wanted to develop the Rosia Montana gold deposit in what was intended to be the largest mining project in Europe.

Gabriel Resources is demanding compensation of USD 4.5 bln from the Romanian state, accusing Romania of violating the bilateral treaties for the mutual protection of investments signed by the Bucharest authorities with Canada and the United Kingdom. A court decision is expected in 2022.

andrei@romania-insider.com

(Photo source: Salajean/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Deliberations in Gabriel Resources versus Romania case begin at WB's settlement court

The World Bank Tribunal in Washington (ICSID) began deliberations in the case opened by the Canadian company Gabriel Resources against Romania, which has been going on for six years, local Adevarul reported.

The court accepted Roşia Montana's inclusion on the UNESCO heritage list as a piece of evidence, as an argument for the "bad faith of the Romanian state" invoked by the Canadian company.

The case was filed in 2015 by the Canadian company, set up by the Romanian businessman Frank Timis, that wanted to develop the Rosia Montana gold deposit in what was intended to be the largest mining project in Europe.

Gabriel Resources is demanding compensation of USD 4.5 bln from the Romanian state, accusing Romania of violating the bilateral treaties for the mutual protection of investments signed by the Bucharest authorities with Canada and the United Kingdom. A court decision is expected in 2022.

andrei@romania-insider.com

(Photo source: Salajean/Dreamstime.com)

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