The talks held on Wednesday by the interim Minister of National Defence, Nicolae Ciuca, with the U.S. Secretary of Defence, Lloyd J. Austin III, currently visiting Bucharest, focused on NATO priorities in the perspective of the meeting that starts on Thursday in Brussels, bilateral relations and military acquisitions, informed the Ministry of National Defence (MApN).Minister Ciuca welcomed the receipt by Romania of the Dependable Undertaking status, which facilitates access to the latest American technology, highlighting the development of significant projects for the endowment of the Romanian Army in relation to the USA, based on the relevant budget allocations of 2% of GDP: ground-to-air missiles (PATRIOT), the multi-shot missile launcher system (HIMARS), the F16 multi-role aircraft, the Piranha 5 armored personnel carriers and the mobile anti-ship missile launcher system, a press release of the MApN issued for AGERPRES informs.Ciuca expressed appreciation for the significant American investments at Mihail Kogalniceanu Air Base and Campia Turzii, as well as to the Cincu and Babadag Shooting Grounds, worth over 225 million dollars.The two officials also addressed current issues on the Allied agenda, which will be discussed at a meeting of NATO defence ministers in Brussels on Thursday and Friday."The Alliance is preparing for the Madrid Summit at the end of June 2022, with a view to defending common positions on adapting the Alliance, through what is known as the NATO 2030 process, and on strengthening a position of deterrence and defence effective in countering threats to Allied security, regardless of their origin," said Minister Ciuca.He reiterated the importance Romania attaches to strengthening Allied cohesion and the transatlantic relationship: "We want the Alliance to remain strong and able to protect all its members and respond to their concerns. That is why for Romania, the transatlantic relationship is an important pillar of our defence policy".In turn, Lloyd J. Austin III characterized the U.S.-Romania relationship as one based on trust and mutual respect and the political will to promote common goals in the field of defence, the MApN said.The U.S. Secretary of Defence thanked Romania for its support and commitment to host, on a rotating basis, a significant number of U.S. troops, emphasizing Romania's leading role in the region in ensuring its essential infrastructure against adverse actions.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
