The Romanian Minister of Defense, Angel Tilvar, participated in the first discussions regarding compensating Romania for the Patriot system donated to Ukraine and declared on Thursday, in Washington, that there is currently no horizon of time for our country to receive a similar or an alternative system."There were discussions the day before yesterday [Tuesday] and yesterday [Wednesday] morning. The day before yesterday I also participated and led the first discussion that was to create the calendar of the negotiations and the main elements of reference. Regarding the time horizon I can't give you concrete elements now, because we haven't reached this stage of the discussion at this point", declared Tilvar in a briefing for Romanian journalists.President Klaus Iohannis declared on Wednesday, during a conference at NATO headquarters, that "our wish is to receive another Patriot system in exchange, certainly not tomorrow, but in the relatively near future, but to compensate for the absence of the system on that we are giving now, I think we will be able to get systems that will be delivered faster and will ensure a better surveillance of the national airspace".Asked if it is possible for Romania to receive another anti-aircraft defense system sooner, Tilvar seemed to confirm, using the expression "covering the needs that the Romanian Army has, in the situation in which we surrendered this system".Asked if it is currently known when Romania will send the Patriot system to Ukraine, the defense minister replied: "I don't have this date, because this date does not exist at the moment".
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
