The presence of the United States Air Force Detachment in Borcea is a clear proof of allied solidarity, minister of Defense Angel Tilvar said on Tuesday, at a meeting with the chairman of the NATO Military Committee, Admiral Rob Bauer, on the sidelines of the Warsaw Security Forum, according to a press release.During the meeting, the Romanian minister highlighted the worrying security developments in the Black Sea region and thanked the NATO high official for the support provided and the measures adopted by the Alliance following the Russian Federation's attacks on Ukrainian ports on the Danube, in the immediate vicinity of the national borders."The four F-16 Fighting Falcon fighter jets and 100 soldiers' presence of the United States Air Force detachment, deployed at the Borcea Air Base, who performed Reinforced Air Police missions, along with other additional elements, is a clear proof of allied solidarity and of quick and effective decisions made according to the security challenges we face. We must continue to take all the necessary measures to make our citizens feel safe. It is our main duty," minister Angel Tilvar said, according to the source.Also, the minister of Defense highlighted the need to keep the strategic importance of the Black Sea region on the allied agenda and emphasized the role of the military authorities in adapting NATO to the new security context.The said military base is located rd 158 km southeast of Bucharest, and is known as 86th Borcea Air Base, the Borcea commune, Calarasi county, close to the Danube's Borcea anabranch.
CTP, Europe’s largest listed developer, owner and operator of logistics and industrial real estate by gross leasable area, has signed an agreement with LEROY MERLIN Romania, retailer specializing in construction, home improvement, decoration, and gardening, to expand its regional distribution centre at CTPark Bucharest West to 48,500 sqm. The announcement was made during the groundbreaking […]
Fondul Proprietatea (BVB: FP) on May 15 exercised its preemptive right and subscribed 5,632,510 new shares in the National Company Administration of Maritime Ports (CNAPM), with a nominal value of RON 10 per share and a total value of RON 56.3 million (EUR 11 million), according to a report published on the Bucharest Stock Exchange […]
The Galati Court approved the amended plan to sell the assets of Romanian steel group Liberty Galati (under pre-insolvency procedures), thus paving the way for the resumption of the auction for one of the most important industrial assets in Romania, the consortium of practitioners Euro Insol – CITR announced on Monday, May 18. The auction […]
The creditors of the Romanian bankrupt shipyard Mangalia will meet on Friday, May 22, to vote on a new sale strategy consisting of at least 6 monthly auctions for the sale of the shipyard, starting from the going concern valuation of EUR 168 million, according to Economica.net. ...
Fitch Ratings upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BVB: TLV) from BBB- to BBB, placing the lender one notch above Romania’s sovereign rating. Banca Transilvania, listed on the Bucharest Stock Exchange, is the largest bank in Romania by assets. “Fitch Ratings considers Banca Transilvania to be more resilient than the environment […]
Romania’s National Road Infrastructure Administration Company (CNAIR) has lost an arbitration dispute against Italian construction group Impresa Pizzarotti over delays affecting Lot 1 of the Sebeș–Turda motorway project, according to information published by
