Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CSAT decides  to increase percentage of GDP allotted...

CSAT decides  to increase percentage of GDP allotted to Defence from 2% to 2.5%

March 31, 2022

 President Klaus Iohannis stated, on Tuesday, that in the current context there is need to increase the defence capacity of the Romanian state, pointing out that it is necessary to increase the percentage of GDP allotted to Defence from 2% to 2.5%."Beyond the concrete decisions made today, I believe that the present crisis shows that from a strategic point of view, new consolidated actions of Romania are necessary in at least two dimensions. I have defined thus two strategic objectives. Firstly, it's necessary to increase the defence capacity of the Romanian state. In this sense, I believe that it is necessary to increase the percentage of the GDP allotted to Defence spending from 2%, where it stands at this time, to 2.5%. Secondly, it's necessary to achieve the energy independence of Romania, mainly through the development of renewable and civilian nuclear energies," said the head of state, after the meeting of the Supreme Council for the Country's Defence.He also said that for the fulfillment of these strategic objectives political decisions will be necessary. "Concrete action plans need to be implemented at the level of competent institutions," added the head of state.     President Klaus Iohannis also announced that during the session of the Supreme Council for National Defence (CSAT), a decision was made to intensify consolidation efforts in the Eastern Flank, this including deploying military forces."We decided to intensify actions at a bilateral and allied level for the significant consolidation of deterrence and defence posture on the Eastern Flank, in the following period, by deploying allied forces and by a rapid setup of a battle group in Romania," the head of state showed during a press statement at Cotroceni Palace.Furthermore, Iohannis also spoke about supporting the Republic of Moldova "on various scales"."In the context generated by the effects of the regional security, it is necessary to support the Republic of Moldova on various scales, which is currently facing an increased wave of refugees and possibly with other difficulties as well," the head of state said.   He stressed that the Russian aggression has generated a resurgence of unity and unprecedented solidarity of the entire democratic world, has shown the cohesion and ability of NATO members to react together, to stand firm against an aggressor who risks to destabilising the global security climate."At the same time, the European Union is demonstrating again that it is a big family, that together we are stronger and that we can find solutions even in the darkest moments," Iohannis said.He said that Romania's membership of the North Atlantic Alliance and the European Union, coupled with the very solid Strategic Partnership with the United States of America, represents the biggest gain of our country in the last 30 years.President Iohannis said that Romania has been substantially involved - and remains - in all the decisions that have been made at the allied level in recent days and is constantly acting to provide support to Ukraine and its citizens who are seeking refuge in our country."I thank all the Romanians who support the consistent efforts of the main and local authorities to manage the situation of the refugees entering Romania," the president added.

Read in full - click here
Return & Recycle Insights – 2 Years of DRS in Romania

  The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]

Veranda Mall celebrates 9 years of growth and community with a vibrant winter season: new shopping options and a packed events program to bring the locals together

Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]

BVB-listed winemaker Purcari reports higher revenues but lower net profit in first 9 months of 2025

Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]

Darian Celebrates 35 Years of Consultancy – A “Co-Pilot” Experience Supporting Business Leaders in Making Informed Decisions, and Launches the Darian Tax Navigator Service

With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]

Romanian National Bank revises end-2025 inflation forecast upwards to 9.6%

The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]

Romanian energy system operator Transelectrica reports 56% decrease in profit in January-September

The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]