President Klaus Iohannis told a debate in northern Satu Mare on Monday that political support as well as financial resources are required for Romania to have modern armed forces. He said that the Romanian troops, in the absence of state-of-the-art military hardware, have compensated by devotion, intelligence and seriousness. “The armed forces of Romania are […]
Romania's opposition party Save Romania Union (USR) has called on defence minister Angel Tîlvăr to clarify how a company with alleged ties to Russian oligarch Oleg Deripaska was awarded a contract for the construction of NATO's largest military base in Europe at Mihail Kogălniceanu. The party has raised concerns over national security and urged an […]
According to the global leading index provider FTSE Russell, all 11 Romanian companies included in FTSE Global All Cap and FTSE Global Micro Cap indices, dedicated to Emerging Markets, kept their places within these global indices. Moreover, the shares of Aquila Part Prod Com (AQ), Arobs Transilvania Software (AROBS), and Sphera Franchise Group (SFG) companies […]
Vodafone Romania has completed the full acquisition of iSys Professional Ploiești, a provider of car fleet monitoring solutions operating under the iTrack brand, according to Profit.ro. The company's services will be integrated into Vodafone's...
Danish renewable energy developer Eurowind Energy has completed the installation of eight Siemens Gamesa SG 6.6-170 wind turbines at the Pecineaga wind farm in Constanța County, marking the deployment of the largest wind turbines in Romania, according to Economica.net. The turbines, each with a 170-meter...
The Romanian banking system’s aggregated profits increased by 5.4% y/y to RON 14.0 billion (EUR 2.8 billion) in 2024, after it contracted by 19.2% y/y to RON 2.35 billion (EUR 473 million) in Q4, according to calculations based on profitability ratios published by the National Bank of Romania (BNR). The return on assets (ROA) ratio […]
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
