The present security situation shows that peace is no longer a certainty in Europe, said general Gheorghita Vlad, the Defense Chief of Staff, in his speech held on the occasion of the 165th celebration of the General Staff. “Contrary to norms of humanitarian international law, the actions of the Russian Federation are feeding the negative development of the threat potential and security risks. At the level of the Black Sea region, of strategic interest for NATO, we have a defense crisis situation,”said general Gheorghita Vlad. He pointed out that the Romanian Army has reconsidered its defensive architecture by adapting procedures, recalibrating the reaction capacity of forces and has consolidated structures of permanent combat service, air police and strengthening vigilence. “At the same time, capacities of knowing situations and early warning have improved. Our defensive capacity, Euro-Atlantic relations and Strategic Partnership with the US remain vectors of the national discouraging and defense position in the Black Sea area,” said the official of the National Defense Ministry. He mentioned that Romanian militaries are participating in NATO and EU operations in the West Balkans, Africa, the Mediterranea Sea and Indian Ocean. As host nation, Romania ensures the conditions needed to operate and pre-positiion allied forces and capabilities in Romania, according to Regional Plans.
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
