Chief of the Defense Staff, General Daniel Petrescu was on an official visit to Portugal, Sunday to Tuesday, at the invitation of his counterpart, Admiral Antonio Manuel Fernandes da Silva Ribeiro, the officials analysing, in context, the regional security situation.The visit also included meetings with the Portuguese Minister of National Defense, Maria Helena Chaves Carreiras, and with other military officials, as well as working meetings with representatives of the Joint Operations Command, informs a press release sent by the Ministry of National Defence (MApN) to AGERPRES.General Daniel Petrescu also delivered a lecture at the Military University Institute in Lisbon, on "The Security Situation on NATO's Eastern Flank".The agenda of the talks focused on the dynamics of the security situation in Eastern Europe, the joint program of the Romanian and Portuguese military in our country, as well as the continuation of training in the Portuguese Republic of some pilots and technical support staff with the Romanian Air Force.General Daniel Petrescu appreciated the contribution of his Portuguese colleagues in the effort to strengthen the deterrence and defence posture in the eastern area of NATO and the European Union. In our country, the Portuguese Armed Forces have deployed a ground detachment that increases the effectiveness of the Multinational Brigade South-East, MApN mentions."The effort of the Portuguese fellows is part of the general context of solidarity and allied determination to put into practice, if necessary, the principle of collective defence. The willingness of the Portuguese military to be by our side not only during training, but also at moments of celebration is remarkable, as was their presence in the National Day parade block," said Daniel Petrescu.In appreciation of the excellent cooperation relations between the armed forces of the two countries, Admiral Silva Ribeiro awarded General Petrescu the Medalha da Cruz de Sao Jorge, Primeira Classe.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
