Germany will send four Eurofighter fighter planes to Romania to support NATO’s air policing mission at the end of November, according to Reuters, citing a security source. The mission comes just weeks after Russia launched systematic attacks on Ukrainian ports along the Danube. According to DPA, also citing a security source, this deployment of Eurofighter planes is at Romania’s request. The first of nearly 80 German soldiers who will be stationed at a military base near Constanta will depart for Romania on Thursday. The attacks, which occurred just a few hundred meters from the Romanian border, and the drone fragments discovered in Romania have increased security risks for the military alliance, whose members have a commitment to mutual defense. In September, NATO Secretary-General Jens Stoltenberg referred to Russian strikes near the Ukrainian border with Romania as “destabilizing,” although there were no indications that Russia intended to target a member state of the North Atlantic Alliance. The German Air Force has supported NATO’s air policing mission in Romania in the past. The North Atlantic Alliance has strengthened its military presence along the eastern flank following Russia’s invasion of Ukraine in 2022.
Romania's Social Democratic Party (PSD) is pushing for stricter tax regulations targeting multinational companies and a new turnover tax as part of ongoing fiscal reform negotiations within the ruling coalition. Interim party president Sorin Grindeanu warned that the PSD could exit the coalition if its key proposals are not accepted, although he described the alliance […]
Amazon Development Center, the Romanian branch of US tech giant Amazon, is preparing to lay off over 500 employees from its Iași-based retail business services division, Romanian media reported on July 16, citing internal company sources. The Iași centre, established in 2005, handles both IT research and development and business services across several domains, including […]
The Investment and Development Bank (Banca de Investiții și Dezvoltare - IDB), a development bank founded by the Romanian government in 2023, will manage the Regional Participation Fund for financing SMEs worth EUR 233.35 million, according to Cursdeguvernare.ro. The...
Private equity fund ROCA Investments announced the sale of its entire 20% stake in Artesana dairy to Booster Capital, another investment fund, five years after the initial investment. The dairy producer reported a 4-fold increase in production capacity over the five years, and it tripled its turnover over the period to EUR 11 million in […]
Romania's fiscal consolidation plan will help government achieve its deficit targets of 7.5% this year and 6.4% in 2026 from the record 8.7% of GDP in 2024 (cash terms) and will moderate the current account (CA) deficit from 8.3% of GDP in 2024 to 7.5-8.0% in 2025 and 6.5-7.0% in 2026 – at the cost […]
Pavăl Holding, the investment vehicle of Romania’s Pavăl family and owner of leading home improvement retailer Dedeman, has acquired Praktiker Hellas, the top DIY chain in Greece. The deal, estimated at EUR 120-130 million according to Profit.ro, marks Dedeman’s first step beyond Romania’s borders. With 17...
