Romania is about to deploy a new company, as part of the strategic reserve at the disposal of SACEUR, within the NATO KFOR operation in Kosovo, MApN reports.This happens as a result of the authorization by the North Atlantic Council regarding the addition of troops for the management of the current situation in the Western Balkans, the same source says.As a NATO ally and EU member state, Romania committed to contribute troops and equipment to the effort to maintain a stable security environment in the Western Balkans region.The deployment of this company is made in accordance with the provisions of the law regarding the participation of the armed forces in missions and operations outside the territory of the Romanian state, as stipulated by the CSAT Decision no. 225/2022 regarding the approval of the Plan for the use of the troops of the Romanian Army that are sent to missions and operations outside the territory of the Romanian state, in the year 2023.At the moment, Romania has almost 330 soldiers deployed in the theatres of operations in the Western Balkans, of which approximately 250 in Bosnia and Herzegovina (our country being one of the most important contributors with troops to the EU operation EUFOR ALTHEA in this country, where it plays the role of chief of staff, brigadier general level) and approximately 80 soldiers in Kosovo, in the NATO - KFOR operation.
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]
The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
