Romanian Defense Minister Ionut Mosteanu said Monday in Warsaw that he was concerned that the European arms industry would not be able to absorb the billions of euros that will result from the European Union's new SAFE initiative.At the Warsaw Security Forum, Mosteanu said that European politicians should reduce approval times to help the defense industry absorb new orders.On the other hand, the Romanian minister announced that new drone fragments were found on Monday in Tulcea county, bordering Ukraine.Defense cooperation with Kiev is one of the main topics of the meeting in the Polish capital.In March, the European Commission presented the ReARM Europe plan (shortly renamed ReARM Readiness 2030), which envisages mobilising up to 800 billion euros to equip the European Union with a ''credible deterrent'' by 2030.The plan includes 150 billion euros in loans for the purchase of European-made military equipment, financed through the SAFE initiative. Thus, EU member states will be able to borrow to purchase European-made military equipment, and other states, such as Ukraine, for projects that strengthen their defense and stimulate the European defense industry.Ministers from EU member states gave their final approval in May, without consulting the European Parliament. By August 20, 18 European Union countries had officially declared their interest in borrowing funds worth at least 127 billion euros through SAFE
Education at AISB is stepping into the future. The American International School of Bucharest (AISB) proudly announces the launch of the Global Impact Diploma (GID), a groundbreaking academic pathway that empowers students to create real-world change while excelling in their studies. Offered at only four other schools worldwide, the GID places AISB among a pioneering […]
The largest event in the country dedicated to animation film begins in Bucharest, where the public is invited to visit a host of art galleries that are open afterhours this weekend.
South Korean ambassador Kap-soo Rim will host a reception at the Bucharest National Theater on Friday, October 3, to mark the National Foundation Day and Armed Forces Day of the Republic of Korea. The reception is also in honor of the 35th anniversary of Korea-Romania bilateral relations. In the last three years, the two countries […]
Romania has reported an outbreak of bluetongue disease in cattle in the southwest of the country, according to an announcement from the World Organisation for Animal Health made on Wednesday, October 1. There are numerous variants of the virus. Serotype 3 of the disease was detected in 10 animals from four farms and households in […]
One United Properties, one of the largest real estate developers in Romania, has begun construction work on two schools located within the One Academy Club and One Lake District developments, which will accommodate over 1,000 children. These projects benefit from an investment of approximately EUR 19 million. The developer has also already identified land for […]
Genezio, a Romanian AI startup, announced the launch of a new Conversational AI Optimization platform, a tool designed to help companies understand and improve how generative AI systems perceive and describe their brands, during the technology conference How to Web. The new tool comes as traditional digital marketing campaigns and SEO techniques no longer suffice […]
