President Klaus Iohannis promulgated on Thursday a law on the purchase of 32 F-16 airplanes, as part of the program “Multi-role Air Force planes”. The law stipulates the purchase of 32 F-16 airplanes by the Government of Romania from the Norwegian Government, together with logistic support and technical - engineering staff training, while observing provisions of article 22, letter f) from government emergency order no 114/2011 on public purchase contracts in the fields of defense and security, approved with amendments through law 195/2012, with later amendments and completions. The Finance Ministry is authorized, upon the suggestion of the Defense Ministry to ensure additional credit, representing the equivalent in lei of 494 million euros, needed for signing the contracts. Budget credits needed to carry out contracts provided at art. 1, and engagement credits supplemented in conditions of paragraph 2, are ensured by the state budget, through the Defense Ministry budget, in the limit of budget credits allocated by annual budget laws.
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
Romania’s leading bank, Banca Transilvania, announced the successful completion of its first AT1 (Additional Tier 1) bond issuance on the Dublin Stock Exchange. The final volume of subscribed orders reached over EUR 2.65 billion, representing an oversubscription 5.3 times higher than the amount BT intended to raise. More than 180 investors, a record in Banca […]
During the Executive Committee meeting on Thursday, November 20, the Romanian Gymnastics Federation decided to dissolve the national teams after a series of public accusations of harassment. The accusations are not new. At the end of October, upon returning to the country after the World Gymnastics Championships in Jakarta, 23-year-old athlete Denisa Golgotă revealed that […]
Chinese electronic giant Xiaomi has opened its first physical store in Romania as part of a broader strategy to strengthen its presence on the local market, with additional retail expansion planned for 2026. The new Xiaomi Store, located in Bucharest’s ParkLake Shopping Center, is the company’s first directly operated retail space in the country and […]
Romania will introduce new penalties for retailers that refuse to replace defective products, under a new law recently promulgated by president Nicușor Dan. The measure requires traders to provide a replacement within 30 days when customers report that a purchased item is faulty, whether the purchase was made in-store or online. The retailers that fail […]
Romanian saber fencer Vlad Covaliu was named the best in the world in the junior category for the second consecutive year, according to a press release from Bucharest-based CS Dinamo. The winners of the 2024–2025 World Cup were awarded over the weekend at the International Fencing Federation 2025 Congress held in Manama, the capital of […]
