The enlargement of the 57th Air Base is an important step in Romania's efforts to adapt to the new realities of the current and future security environment and a major contribution to strengthening the role of pillar of stability that our country has assumed in the Black Sea region, Chief of Staff of the Romanian Air Force, Major General Leonard-Gabriel Baraboi said on Tuesday.According to a MApN press release, the start of construction works for a new runway at the "Captain Aviator Constantin Cantacuzino" Air Base in Mihail Kogalniceanu was officially marked in the presence of Minister of National Defence, Angel Tilvar.The event was also attended by the head of the Directorate of Domains and Infrastructures, Brigadier General Cristian Apostol.At the end, Minister Tilvar pointed out that the constant allocation to the Defence budget of 2% of GDP, starting with 2017, raised to 2.5% this year, is starting to produce concrete effects."These investments will significantly improve the operational and training capabilities of the Romanian and allied Air Forces that will be able to be deployed here, but will also contribute significantly to the economic development of the local communities - the locality of residence, Mihail Kogalniceanu, but also the other administrative-territorial units in the vicinity, by creating new jobs and attracting important investments for the entire county of Constanta," said the minister, according to MApN.The head of the Romanian Air Force, Major General Baraboi, said that the project to enlarge the 57th Air Base will result in the first military capability and, at the same time, the first complete and complex element of airport infrastructure built by Romania after 1990.The entire investment project for the modernisation and expansion of the 57th Air Base "Captain Aviator Constantin Cantacuzino" at Mihail Kogalniceanu has a total value of approximately 12.173 billion lei, excluding VAT. At the end of the works, the area of the base will be approximately 2,800 hectares.
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, reports consolidated turnover of 306.2 million lei as of September 30, 2024, with an EBITDA of 43.4 million lei and a net profit of 16.1 million lei. “If at the end of 2023 we anticipated potential stagnation in the automotive...
KingsRock Advisors, the global independent financial advisory firm, said it is expanding its European Union operations by opening an office in Stockholm and appointing top bankers to develop its EU business. Mihai Ionescu, former CEO of Deutche Bank Romania, will coordinate KingsRock’s Eastern European operations from Bucharest. With a long career in investment banking, Ionescu […]
