The Parliament plenary was briefed on Tuesday, in a letter from President Klaus Iohannis, about the participation of the Romanian Army in the EU Security and Defence Initiative in the Gulf of Guinea, starting in 2024."Amid the deterioration of the Sahel security situation and the risk of instability spilling over in the West African region, concomitantly with the increase in the strategic relevance of the Gulf of Guinea, the Council of the European Union decided the establishment, in Brussels, starting from 01.01.2024, of a strategic military staff structure tasked with setting the necessary framework in place for the start of the mission and the coordination thereof with the authorities of the West African states. The strategic goal of this mission is the development of adequate capabilities of the security forces of the Côte d'Ivoire, Ghana, Togo and Benin, so as to allow them to effectively respond to the threats generated by the presence of terrorist groups in the region, based on a military-civilian structure with a reduced, flexible and modular footprint," the letter sent to Parliament states.The head of the state emphasizes that "the participation of the Romanian Army in this mission is aimed at strengthening the country's profile as a member state, ensuring security and increasing the EU's global role in support of the Gulf of Guinea states, in line with Romania's higher level of ambition regarding the African continent.""In this context, in accordance with the provisions of Art. 119 of the Romanian Constitution and Law No. 121/2011 regarding the participation of Romanian armed forces in foreign missions and operations, with subsequent additions and amendments, at the proposal of the prime minister of Romania, after consulting the Supreme Council for National Defence, I hereby notify the Romanian Parliament that I have approved the participation of the Romanian Army in the EU Security and Defence Initiative in the Gulf of Guinea, starting in 2024," the document signed by President Iohannis also states.The funds necessary for the participation of the Romanian Army in the said security and defence initiative are provided from the 2024 budget allocated to the National Defence Ministry.
AQUILA (BVB: AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, reported an 11% increase in revenues in the first quarter of 2024 compared to the same period last year, to RON 624 million (EUR 125 mln). However, the company’s net […]
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business that will bring new perspectives to the medical industry in Romania. The two entrepreneurs have set up Global Med Care, a project that promises to redefine standards in the Romanian medical field. Focusing […]
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
