The enlargement of the 57th Air Base is an important step in Romania's efforts to adapt to the new realities of the current and future security environment and a major contribution to strengthening the role of pillar of stability that our country has assumed in the Black Sea region, Chief of Staff of the Romanian Air Force, Major General Leonard-Gabriel Baraboi said on Tuesday.According to a MApN press release, the start of construction works for a new runway at the "Captain Aviator Constantin Cantacuzino" Air Base in Mihail Kogalniceanu was officially marked in the presence of Minister of National Defence, Angel Tilvar.The event was also attended by the head of the Directorate of Domains and Infrastructures, Brigadier General Cristian Apostol.At the end, Minister Tilvar pointed out that the constant allocation to the Defence budget of 2% of GDP, starting with 2017, raised to 2.5% this year, is starting to produce concrete effects."These investments will significantly improve the operational and training capabilities of the Romanian and allied Air Forces that will be able to be deployed here, but will also contribute significantly to the economic development of the local communities - the locality of residence, Mihail Kogalniceanu, but also the other administrative-territorial units in the vicinity, by creating new jobs and attracting important investments for the entire county of Constanta," said the minister, according to MApN.The head of the Romanian Air Force, Major General Baraboi, said that the project to enlarge the 57th Air Base will result in the first military capability and, at the same time, the first complete and complex element of airport infrastructure built by Romania after 1990.The entire investment project for the modernisation and expansion of the 57th Air Base "Captain Aviator Constantin Cantacuzino" at Mihail Kogalniceanu has a total value of approximately 12.173 billion lei, excluding VAT. At the end of the works, the area of the base will be approximately 2,800 hectares.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
