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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
