The Supreme Council for National Defense (CSAT) approved on Thursday the 2024 - 2033 Romanian Army Equipment Plan, re-examining the programs in the context of Russia's war of aggression against Ukraine, the Presidential Administration informed."The major change in the regional security situation generated by the Russian Federation's aggressive stance determined the re-examination, reprioritization and reconfiguration of equipment procurement programs for the development of the military capabilities required for countering the new threats, including by stepping up the purchase of the necessary war ammunition, and for gradually building up stocks," the Presidential Administration specified.Thus, as budget allocations for Defense are maintained at 2.5 percent of GDP, the Romanian Army will focus its strategic efforts on strengthening the defense capacity at national level and in an allied format "in order to effectively deter and combat all types of classic, asymmetric, hybrid or other threats.""This will be achieved by equipping the force structure with high-performance military technology and equipment, compatible and interoperable with those of the forces of the other NATO and EU member states, so as to ensure both the fulfillment of deterrence and defense missions, as well as their long-term viability through the level of efficiency and technological development," the release goes on to read.At the same time, in order to protect the essential security interests and ensure supply security, CSAT is directly interested in Romania "having on its national territory industrial facilities capable of ensuring both the production of modern military hardware for the peacetime equipment of its forces and of maintaining the purchased equipment in operational condition, as well as the manufacture or development of new equipment that will contribute to the multiplication of military capabilities in crisis or war situations."
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
