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Orthodox Pentecost, also known as 'Rusalii' in Romania, is a major religious public holiday observed fifty days after Orthodox Easter. It commemorates the descent of the Holy Spirit upon the Apostles and is considered the founding of the Christian Church. In Romania, both the Sunday of Pentecost and the following Monday are public holidays, leading to a long weekend. Financial institutions, government agencies, and the Bucharest Stock Exchange remain closed during this period, affecting local market liquidity.
The date is variable as it depends on the Orthodox Easter cycle, calculated according to the Julian calendar and the lunar cycle.
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