Interim President Ilie Bolojan says that the security guarantees to be granted to Ukraine will in fact be for "the entire Eastern Flank, from the Baltic Sea to the Black Sea", pointing out that they cannot be provided without the support of the United States.He said, on Sunday, at the end of European leaders' summit in London, that the meeting was a coordination meeting with a view to organizing the European Council on March 6 and a meeting on March 7 with the leaders of countries that are not part of the European Union but "want an approach to the solution to the war in Ukraine that will bring a secure peace"."It has been agreed that the security guarantees that can be granted to Ukraine cannot be provided without US support. These security guarantees are not just for Ukraine, but practically for the entire Eastern Flank, from the Baltic to the Black Sea. In this sense, in the continuation of the transatlantic partnership, a common plan will be worked on in such a way that security guarantees will be ensured both with a high involvement of European countries, but also relying on a support that the US could providem" said Bolojan in a press statement.According to the Romanian interim president, the European leaders agreed to maintain financial and military support for Ukraine.They also agreed to prepare the European countries so that they "take on a greater share for peace in Europe", "In this regard, we will consider increasing defence budgets in the coming period", Ilie Bolojan further said.At the same time, the interim president added, for a truce and ceasefire to be concluded as soon as possible, a resumption of talks between Ukraine and the US would contribute to a quicker closure of the conflict and ceasefire."The countries present have agreed to hold consultations in the next stage and by the end of next week to adopt decisions in this regard," lie Bolojan concluded. (Photo:https://www.presidency.ro/)
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
