Meeting here on Tuesday, Bulgaria's National Assembly Defence Committee voted, 10-0 with 3 abstentions, to support a Government-proposed bill to ratify a Memorandum of Understanding between Bulgaria's Ministry of Defence and Romania's Ministry of National Defence regarding the setting up of a Regional Special Operations Component Command Headquarters (HQR-SOCC). According to https://www.bta.bg/, the two countries signed the Memorandum during the NATO Summit in Washington, D.C., on July 10, 2024. "The Regional Headquarters can go into operation as early as the beginning of 2025," caretaker Defence Minister Atanas Zapryanov said then. The initiative is part of the evolution of NATO's command and control system and will rotate between the two countries once every two years. Zapryanov said that this joint command is very important for both peacetime and wartime.Under the Memorandum, the headquarters will be a temporary deployable command element and will be activated according to the two countries' national procedures and in accordance with the established mechanisms of the Alliance for participation in Allied operations or upon activation of NATO's defence plans, as well as for participation in bilateral and multilateral exercises and training events, the reasons to the bill says. After the HQR-SOCC reaches Full Operational Capability, each of the countries will act as a Lead Nation, hosting the command for one year (or up to two years, if necessitated by circumstances) until rotation to the new Lead Nation which reaches Full Operational Capability. Romania will be the first to assume the command of HQR-SOCC. The Regional Special Operations Component Command Headquarters will be capable of commanding and controlling multinational special operations forces (SOF) and NATO operations support and conduct forces, the cited source says.
AROBS Transilvania Software (BVB: AROBS), a leading entrepreneurial technology company listed on the Bucharest Stock Exchange (BVB), recorded consolidated revenues of RON 328 million in the first nine months of 2025, up 7% compared to the same period last year. According to the company’s report, EBITDA also reached RON 50 million, a 15% increase, while […]
Brussels-based Aukera Energy said that it secured a EUR 60 million debt facility from Kommunalkredit Austria AG to finance the construction of its first stand-alone battery energy storage system in Romania. The 250 MW/500 MWh project in Ialomița County will be “one of the largest storage projects in Central and Eastern Europe” and will be […]
Romania’s president Nicuşor Dan has convened a meeting of the Supreme Council for National Defence for November 24, the Presidency announced on November 17. The session will examine key strategic documents and national security priorities for the period ahead. The agenda includes the National Defence Strategy for 2025–2030 and the Strategic Defence Analysis, two documents […]
Romania’s ruling coalition will make a final decision on the magistrates’ pensions law after president Nicusor Dan meets magistrates on November 18 and will most likely promote the law on public administration employment in Parliament next week, according to media reports from prime minister Ilie Bolojan and other sources familiar with the negotiations. The coalition […]
The restaurant chain with entirely Romanian capital, City Grill Group, announced that it ended the first ten months of the year with a turnover of EUR 63.5 million, up 13% compared to the same period last year. The results "confirm the group's stability in a year marked by challenges for the hospitality industry and consolidation," […]
Sphera Franchise Group (BVB: SFG), Romania’s largest food service operator, reported record third-quarter results for 2025, marking its strongest Q3 performance to date in terms of sales and profitability. The company said on November 17 that the improvement reflects stricter cost discipline and rising contributions from its operations in Italy and the Republic of Moldova. […]
