The Ministry of National Defense, on behalf of the Romanian Government, has paid these days for three more wide-range Patriot ground-to-air missile systems, Minister of National Defense Mihai Fifor wrote on his Facebook page. “By acquiring these three new systems, which add to that already contracted in November 2017, the first stage of the Patriot endowment is completed, with the four military installations to endow the Romanian Air Force from the second half of 2019, the first system being planned for operationalization in mid-2020,” the posting informs. The military personnel to operate the PATRIOT systems will start training in the US in March 2019. “With this year’s evolution of essential endowment programs, Romania has real chances to reach the two percent of GDP allocated to the defense budget for the second consecutive year,” Fifor say
Human Scale, the project representing Romania at the 19th edition of the International Architecture Exhibition – La Biennale di Venezia, opens to the public on May 10. The project, by artist Vlad Nancă and architecture office Muromuro Studio (Ioana Chifu and Onar Stănescu) and curated by Cosmina Goagea, is presented in two venues, namely the […]
Romanian finance minister Tanczos Barna, present on Wednesday, May 7, at the Romanian Business Leaders Summit in Bucharest, said that a hard landing (signaling a sharp correction) of the Romanian economy is possible, as a “soft” landing is not very credible, considering the 8.3% budget deficit. The minister’s comments come after the Romanian stock market […]
Arctic, a Romanian brand with a tradition of over 50 years, once again confirms the appreciation it enjoys among consumers, consolidating its position as a trustworthy brand with accessible, durable products tailored to the real needs of Romanian families. According to the independent study conducted by the international certification company ICERTIAS, Switzerland, Romanians believe that […]
The second stage of the Grand Chess Tour 2025, known locally as Superbet Chess Classic Romania, kicked off on Tuesday, May 6. Marking the 10th anniversary of the Grand Chess Tour, this year’s edition brings together legendary players and key cultural and sporting figures, all in the presence of GCT founder Garry Kasparov, who was […]
As fintech reshapes global markets, UNCHAIN Fintech Festival (June 17-18th in Oradea) challenges the Central and Eastern European business landscape to reflect on a new mindset where financial innovation is deeply intertwined with every industry that shapes our economies, unlocking new opportunities for companies and customers. “The future of finance is no longer siloed. As […]
The latest study conducted by Reveal Marketing Research shows that 55% of urban Romanians know that Europe Day is celebrated on May 9, while 35% admit they do not know the exact date. Moreover, slightly over a third know its significance. The demographic breakdown reveals that men (59%) are better informed compared to women (50%) […]
