National Defense Minister Angel Tilvar signed on Friday, on the sidelines of the NATO Defense Ministerial in Brussels, the document for Romania's accession to the letter of intent regarding Pan-European Military Mobility Corridor No. 8, together with Albania, Bulgaria, Italy and North Macedonia, an initiative which aims to simplify and speed up the movement of military forces and equipment, both in peacetime and in crisis or conflict situations."Romania prioritizes all allied efforts in the field of military mobility and makes constant efforts to connect to important corridors. I would like to take this opportunity to emphasize our country's solid commitment to regional cooperation and increased interoperability, while ensuring that together we strengthen security in the Black Sea area, which is so important in the current complex and unpredictable security context," said Defense Minister Angel Tilvar as cited in a Ministry release.Harmonized Military Mobility Corridors are designed as a network of main routes intended to simplify and accelerate the movement of military forces, equipment and materials, both in peacetime and in crisis or conflict situations. The cut of bureaucratic obstacles and the harmonization of regulations and infrastructure will allow the rapid and efficient deployment of forces, contributing to a fast response capacity and to strengthening collective security.Romania's joining this military mobility corridor, in addition to the two NATO projects it is already a part to, together with Bulgaria and Greece, and with Turkey and Bulgaria, respectively, will boost efforts to ensure the transit of troops and military equipment and strengthen the response capacity in the Black Sea region, in order to ensure stability and security, the National Defense Ministry said. (Photo:https://armed.mapn.ro/)
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 […]
