Meeting here on Tuesday, Bulgaria's National Assembly Defence Committee voted, 10-0 with 3 abstentions, to support a Government-proposed bill to ratify a Memorandum of Understanding between Bulgaria's Ministry of Defence and Romania's Ministry of National Defence regarding the setting up of a Regional Special Operations Component Command Headquarters (HQR-SOCC). According to https://www.bta.bg/, the two countries signed the Memorandum during the NATO Summit in Washington, D.C., on July 10, 2024. "The Regional Headquarters can go into operation as early as the beginning of 2025," caretaker Defence Minister Atanas Zapryanov said then. The initiative is part of the evolution of NATO's command and control system and will rotate between the two countries once every two years. Zapryanov said that this joint command is very important for both peacetime and wartime.Under the Memorandum, the headquarters will be a temporary deployable command element and will be activated according to the two countries' national procedures and in accordance with the established mechanisms of the Alliance for participation in Allied operations or upon activation of NATO's defence plans, as well as for participation in bilateral and multilateral exercises and training events, the reasons to the bill says. After the HQR-SOCC reaches Full Operational Capability, each of the countries will act as a Lead Nation, hosting the command for one year (or up to two years, if necessitated by circumstances) until rotation to the new Lead Nation which reaches Full Operational Capability. Romania will be the first to assume the command of HQR-SOCC. The Regional Special Operations Component Command Headquarters will be capable of commanding and controlling multinational special operations forces (SOF) and NATO operations support and conduct forces, the cited source says.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
