President Klaus Iohannis on Wednesday said Romania must intensify efforts to strengthen the reserve of military personnel, revitalise the national defence industry and modernise the transport infrastructure."The defence of our citizens is one of the fundamental obligations of the Romanian state. However, the safety of the people cannot be guaranteed without an army equipped with modern technology. Since 2023, Romania has increased the allocation for Defence from 2% to 2.5% of the GDP, that is for equipping the Romanian Army, for motivating, training and improving our military and for increasing the level of interoperability with allied forces. At the same time, we must intensify our efforts to strengthen the reserve of military personnel, to revitalise the national defence industry and to modernise the transport infrastructure," Iohannis told the "ROMANIA - NATO, 20 years" event, held at the National Military Centre in Bucharest.Iohannis mentioned that Romania, together with NATO allies, will continue to offer "multidimensional political and practical support" to Kyiv."An important dimension of this support will be the training of the Ukrainian military, including future F-16 pilots, at the centre we host in Fetesti. We will coordinate within the European Union to support the European path of Kyiv and Chisinau and we will advocate for substantial assistance to Ukraine at all levels. Romania also remains a firm supporter of the transatlantic link and the intensified cooperation between NATO and the EU, in the spirit of mutually beneficial synergy of efforts and complementarity," Iohannis said.Also attending the "ROMANIA - NATO, 20 years" event, organised by the National Defence Ministry, are: Senate President Nicolae Ciuca, Prime Minister Marcel Ciolacu, Foreign Minister Luminita Odobescu, political and military personalities from Romania and from member states of the North Atlantic Alliance.
Braşov Court of Appeal in Romania, which handles the case of fugitive businessman Paul Philippe of Romania, notified the Court of Justice of the European Union about Malta's extradition refusal, according to B1 TV station. Paul Phillipe has a final 40-month jail sentence to serve in Romania...
The clothing retailer H&M registered a business of RON 1.32 billion (EUR 264 million) last year in Romania, up 35% from the RON 976 million in 2022. It is the second time that the Romanian branch of the clothing retailer exceeded the RON 1 billion threshold, Economica.net reported. The last time this happened was in […]
The Romanian competition body Consiliul Concurentei authorized the transaction by which Abatorul Periș, the largest pig and pork processor in the southeast of Romania, takes over three regional meat processing and marketing units owned by the local entrepreneur Alin Zamfira through the Cathedral Group. The target companies are Almado Total Distribution, Cathedral Distribution, and Policalita,
The pretzel and viennoiserie chain LUCA, which reached over 140 units in Romania, is launching in Poland, with the first store to be opened in downtown Warsaw. This is the first Romanian chain of this kind to expand abroad after the Romanian cafes ‘5 to go’ and the restaurant chain Salad Box launched on foreign […]
OMV Petrom (BVB: SNP) announced it commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform “to ensure the smooth operation of the refinery in safe conditions and to ensure the fuel stocks necessary to supply the market in Romania and the region.” “The [green] transition will not happen overnight, […]
BRD Finance IFN, the consumer finance arm of the BRD-SocGen group (BVB: BRD), on the Romanian market for 20 years, is reportedly in the process of selling its entire loan portfolio in Romania with EOS Group among the leading bidders, according to
