The PATRIOT system operational in Romania is indispensable, and the discussion on the transfer of such a battery to Ukraine will be analyzed in the Supreme Council for Country's Defense (CSAT), the minister of defense Angel Tilvar stated on Tuesday in Brasov."No one said that we have to give it [a PATRIOT system battery - editor's note]. These are requested hardware, taking into account the situation there. We have one such functional equipment and three that are in the process of becoming functional. Until then, our need is currently satisfied by this equipment. We are going to have other discussions," said the minister, according to national television channel TVR.He explained that, at this moment, there are four PATRIOT systems in our country, one of which is operational and the rest are being operationalized. Three more such systems are to be received by the Romanian state."We took them precisely for Romania's need to defend its national territory. So they are relevant, and from this point of view, this operational system is indispensable," Tilvar pointed out.According to the minister, the discussions regarding the transfer to Ukraine of such an anti-aircraft defense system will be held at the CSAT level."We, at the level of the National Defense, have made assessments related to this. (...) It is not a question of harming national security, it is a question of defending the national territory, obviously, in agreement with our allies, because Romania is part of an alliance that honors us and that generates security guarantees", the minister of defense also pointed out.
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 […]
