Chief of the Defense Staff, General Daniel Petrescu was on an official visit to Portugal, Sunday to Tuesday, at the invitation of his counterpart, Admiral Antonio Manuel Fernandes da Silva Ribeiro, the officials analysing, in context, the regional security situation.The visit also included meetings with the Portuguese Minister of National Defense, Maria Helena Chaves Carreiras, and with other military officials, as well as working meetings with representatives of the Joint Operations Command, informs a press release sent by the Ministry of National Defence (MApN) to AGERPRES.General Daniel Petrescu also delivered a lecture at the Military University Institute in Lisbon, on "The Security Situation on NATO's Eastern Flank".The agenda of the talks focused on the dynamics of the security situation in Eastern Europe, the joint program of the Romanian and Portuguese military in our country, as well as the continuation of training in the Portuguese Republic of some pilots and technical support staff with the Romanian Air Force.General Daniel Petrescu appreciated the contribution of his Portuguese colleagues in the effort to strengthen the deterrence and defence posture in the eastern area of NATO and the European Union. In our country, the Portuguese Armed Forces have deployed a ground detachment that increases the effectiveness of the Multinational Brigade South-East, MApN mentions."The effort of the Portuguese fellows is part of the general context of solidarity and allied determination to put into practice, if necessary, the principle of collective defence. The willingness of the Portuguese military to be by our side not only during training, but also at moments of celebration is remarkable, as was their presence in the National Day parade block," said Daniel Petrescu.In appreciation of the excellent cooperation relations between the armed forces of the two countries, Admiral Silva Ribeiro awarded General Petrescu the Medalha da Cruz de Sao Jorge, Primeira Classe.
OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
