*The company will also facilitate the delivery of humanitarian aid to conflict zones, https://www.euractiv.com/ reads. The Romanian government approved the creation of a state-run railway company to meet the country's defence needs on Wednesday, bringing the country in line with the EU's new military mobility initiative. The new company will be legally obliged to handle Romania's strategic transport, ensuring that the state has a reliable option in situations where private transport companies may refuse or be unable to provide certain rail services, especially in times of crisis. The "extraordinary events" of 2020-2023 highlighted the Romanian state's need for a reliable rail freight operator capable of transporting troops, equipment, machinery, and armaments in the event of military mobilisation either for Romania or for its strategic partners. The company will also facilitate the delivery of humanitarian aid to conflict zones, supporting international cooperation efforts. Beyond military needs, the company will play a critical role in transporting essential goods such as grain, raw materials, and fuel, helping to prevent potential food or energy crises. In addition to its strategic role, the state-owned company will also operate in the rail freight market, complementing existing services to meet wider market needs. Military Mobility, introduced by the European Commission for the 2021-2027 programming period, is also part of the Regulation on the Connecting Europe Facility 2021-2027. According to the Commission, military mobility is vital for the security and defence of Europe, as the armies of EU member states should be able to respond quickly and on a large scale to crises at the EU's external borders and beyond. Romania has committed to improving military mobility through its participation in the Permanent Structured Cooperation (PESCO) and reaffirmed this commitment at the NATO Summit in June 2018.
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
Prosecutors with Romania's General Prosecutor's Office have formally changed the legal status of former presidential candidate Călin Georgescu from suspect to defendant, judicial sources told Agerpres on Friday, June 27. The decision comes after Georgescu quoted Corneliu Zelea Codreanu, the leader of...
