General Gheorghita Vlad, the chief of Staff, mentioned on Wednesday the necessity to strengthen the institution of national defence and consolidation of the NATO position to deter and defend, in the context of the ‘probability’ to escalate conflicts, including of those of military nature."Our forecast of tomorrow's reality includes developments and scenarios, some of which involve the likelihood of escalating conflicts, including military ones. To reduce the likelihood, we continue to rely on the deterrent effect of a credible national and allied defensive capability. That is why we are continuing to press the accelerator pedal to strengthen the institution of national defence and to reinforce NATO's deterrence and defence posture," said Gheorghita Vlad at the opening of the Black Sea Defence Exhibition. He added that the diminution of the present challenges of security need the continuation of the measures for the increase of the reaction capacity, through the appropriate endowment of the army.‘We are in peacetime, but the current reality is marked by complex security challenges (…). The diminution of the present challenges for security and meeting the challenges of the future requires continuing the responsiveness we are now achieving. A considerable party of this effort is reserved to the endowment of the force structure. The dynamic nature of the war will be counteracted by the ability to have at any moment efficient equipment through credible military procurement. At present, the Romanian Army needs a rational balance between classic equipment and new technologies, which is of major importance’ the general said.
HiSky will launch direct flights between Bucharest and Chicago in June 2026, expanding its transatlantic network two years after introducing its New York route. The service resumes a direct link suspended 24 years ago, the company said. The new route will be operated twice weekly, on Thursdays and Sundays, with the first flight scheduled for […]
EVERGENT Investments Group reached a record level of RON 3.72 billion (EUR 744 mln) in assets under management as of June 30, 2025, up 7% compared to December 31, 2024. The financial performance achieved confirms the resilience of the business model amid heightened domestic uncertainties. The Group’s performance indicator, the net result of RON 195.5 […]
Visual Fan, initially known for the low-cost phones assembled in China, later expanding in various tech markets including consumer electronics, EV imports and PV panel installation, announced the launch on the Romanian market of a new brand of washing machines powered by artificial intelligence. "Our vision is to transform Allview into a brand that offers […]
OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53 […]
However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food, […]
Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro...
