Romania allocated 2.5% of GDP to Defense in 2023, but managed to spend only 1.6%, according to a NATO analysis quoted by TVR. With this threshold, Romania is just below the Alliance average of 1.73%. In 2022, at the NATO summit in Madrid, Klaus Iohannis announced that Romania would increase its budget allocated to Defense to 2.5%: “We decided together, and this discussion started from CSAT, to allocate 2.5% of GDP to Defense. This will happen starting with the next budget, for the year 2023″. “Alliance statistics, which are based on data collected until February 2024, show that the Army actually spent 1.6%, well below the minimum threshold required by NATO,” reports TVR citing a NATO report on allied spending. Romania did not reach the mandatory target of 2% of GDP for defense until 2020, the NATO report also shows. From last year’s budget, more than 21% of the money went to endowment programs, slightly above the threshold required by the Alliance, but far from eastern countries like Poland, which had more than 53%. However, the Romanian Army had very high personnel expenses, almost 60% of the budget, according to TVR.
The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an […]
Romania is emerging as one of the most dynamic markets for Turkish renewable energy investments, attracting growing interest from industrial and financial groups with regional exposure. Real grid connection opportunities for viable projects, infrastructure modernization potential, and investment framework stability make Romania a strategic destination for Turkish capital, at a time when Europe is accelerating […]
CATANE, the feature debut of director Ioana Mischie, has received an international nomination at the prestigious Hollywood Music in Media Awards for its original score composed by Emiliano Mazzenga. The film’s music has been selected among the top five film scores worldwide in the International Independent Film category. The film is the first Romanian production ever […]
Moldovan prime minister Alexandru Munteanu arrived in Bucharest on Thursday, November 13, for his first official foreign visit since taking office. He met with president Nicușor Dan and Romanian counterpart Ilie Bolojan before visiting the Parliament, where he met with the president of the Senate, Mihai Abrudean. After the first meeting, president Nicușor Dan stated […]
Bucharest maintains a steady flow of new office developments, with nearly 170,000 square meters of projects scheduled for delivery between 2026 and 2027, according to the latest Bucharest Office Marketbeat Q3 2025 report from Cushman & Wakefield Echinox. Despite a 25% drop in total leasing activity compared to last year, demand remained solid, with companies […]
The number of Romanians seeking work abroad has fallen to its lowest level in five years, according to new data from leading online recruitment platform eJobs. So far in 2025, only 106,000 applications were submitted for jobs outside Romania out of a total of 9.8 million, representing just 1.1% of all job applications. Employers abroad […]
