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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
