National Defence Minister Vasile Dincu said on Wednesday that he hoped the ministry's budget allotted in 2023 at least 30 percent to military endowment and underscored Romania needed acquisitions in the naval area.He had an intervention in the opening of the Black Sea Defence and Aerospace (BSDA) conference and exhibition event.Asked about the percentage that could be earmarked next year from the Defence budget to military acquisitions, the minister said: "There is a rule with NATO, it accounts for 20 percent, I hope we exceed 30 percent for endowment, as this is the thing we need the most.""At the moment, we need much more, as the strategic situation requires it, we need endowment in the naval area. Because the Black Sea has become a lake full of sharks, we not only need corvettes, we also need modern frigates, maybe even other types of arms, to ensure security at the Black Sea," Dincu showed.Dincu said the corvette acquisition could be decided in July, at the latest. "We are not postponing the acquisition, at the moment there is an extension asked by the Association [Naval Group - Constanta shipyard] to come up with a last offer. I hope we'll decided this in maximum two months," he detailed.Economy Minister Florin Spataru spoke in the BSDA opening about the prospects of the defence industry."Romania's defence industry must be both strategic and profitable for the economy. We don't want strategies on paper only. The strategy to develop the defence industry must be adapted to the new security dynamics and the new technological requirements and the new economic reference points. The development of the national security industry must take into account that the market results from the demands determined by the existing and probable military threats and the missions assumed on NATO level," Spataru said.BSDA, taking place until Friday at the ROMAERO S.A. exhibition complex in Bucharest, is aimed at identifying opportunities and finding cooperation solutions both in production and in the business area, contributing to the international promotion of Romania's defence industry.
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania’s credibility. The call is signed by AmCham Romania – American Chamber of Commerce in Romania, AOAR – Association of Romanian Businessmen, AHK – Romanian-German Chamber of Commerce and Industry, […]
Low-cost carrier Wizz Air announced six new routes from Timișoara and Brașov, two major cities in western and central Romania, respectively, as well as a third aircraft allocated to its Timișoara base. The additional aircraft will support the launch of five new international routes from Timișoara to Larnaca, Nuremberg, Basel, Frankfurt Hahn, and Naples, with […]
The Ploiești Court of Appeal reinstated the status of protected natural reserve for the Crâng Forest, a remnant of the famous Vlăsiei Woods, in a ruling made public on Tuesday, May 13. In 2024, the Buzău County Council approved the revision of a 1995 decision concerning the protection of natural areas and monuments, removing Crâng […]
Cristina Uruc, interim manager of Romania’s Artexim - the organizer of the George Enescu International Festival and Competition, has been unanimously elected president of the European Association of Artist Managers (AEAA). The decision was made during the organization’s General Assembly held recently in Istanbul, hosted in partnership with Borusan Sanat, one of Turkey’s leading cultural […]
