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/)
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
