The ministers of defense from the Bucharest 9 (B9) format signed, on Wednesday, in Bucharest, a joint Statement in which they emphasized the importance of strengthening the defense industry and the existence of a common air defense system and reiterated their support for Ukraine.The ministers from Romania, Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Poland, Slovakia and Hungary met at the Palace of the Parliament and discussed including the incidents with Russian drones that fell on the territory of some NATO countries. Moreover, a point in the joint declaration is dedicated to this topic.''We express our profound concern over the repeated incursions of NATO airspace, in Poland, Romania, Latvia and other NATO countries by the Russian Federation's drones and missiles, and the escalations of tensions along NATO's borders. This is a new reality that cannot be left disregarded. We need a collective answer within NATO to challenges posed by modern weapons and technologies including through boosting our capabilities of detecting, identifying and, if necessary, engaging low and slow flying objects," the Statement reads.In this sense, the signatories call for the consolidation of NATO's integrated air defense system and for the "fastest possible" implementation of the system through rotation in this regard.''We support initiatives to utilize all available opportunities and resources within the EU and NATO to increase European air and missile defence capabilities. We reiterate the need for Russia's full compliance with international law, including the inviolability of NATO airspace,'' the Statement reads.At the same time, the B9 ministers are committed to supporting, at NATO, the consolidation of the Eastern Flank. They also mention the commitment to allocate at least 2% of the national GDP, annually, for defense and the commitment to boost the national armament production industries.The Statement also mentions the efforts to create corridors to facilitate military mobility, but also to ensure supplies for the energy system."Recognizing that military aid is granted voluntarily and is a sovereign decision [of a state], the allies intend to continue providing non-lethal, political, economic and humanitarian aid to Ukraine," the document states.The defense ministers who met in Bucharest also include the Republic of Moldova in the Statement."We will also cooperate closely to support our partners from the region, who are most exposed to Russia's attempts at destabilisation, such as the Republic of Moldova. Strengthening their defence capacity and resilience is relevant to the security of the entire Euro-Atlantic area,'' the joint Statement reads.
OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
