General Gheorghita Vlad, the chief of Staff, mentioned on Wednesday the necessity to strengthen the institution of national defence and consolidation of the NATO position to deter and defend, in the context of the ‘probability’ to escalate conflicts, including of those of military nature."Our forecast of tomorrow's reality includes developments and scenarios, some of which involve the likelihood of escalating conflicts, including military ones. To reduce the likelihood, we continue to rely on the deterrent effect of a credible national and allied defensive capability. That is why we are continuing to press the accelerator pedal to strengthen the institution of national defence and to reinforce NATO's deterrence and defence posture," said Gheorghita Vlad at the opening of the Black Sea Defence Exhibition. He added that the diminution of the present challenges of security need the continuation of the measures for the increase of the reaction capacity, through the appropriate endowment of the army.‘We are in peacetime, but the current reality is marked by complex security challenges (…). The diminution of the present challenges for security and meeting the challenges of the future requires continuing the responsiveness we are now achieving. A considerable party of this effort is reserved to the endowment of the force structure. The dynamic nature of the war will be counteracted by the ability to have at any moment efficient equipment through credible military procurement. At present, the Romanian Army needs a rational balance between classic equipment and new technologies, which is of major importance’ the general said.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
