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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
