The Minister of National Defense, Angel Tilvar, signed together with his Turkish counterpart, Yasar Guler, the Framework Agreement between the Government of Romania and the Government of the Republic of Turkey in the military field.According to a press release from the Defense Ministry (MApN) sent on Friday, the Agreement was initialed during the official visit paid by Angel Tilvar to Ankara, Republic of Turkey.The agreement reflects the wish of the two sides to update the legal framework of cooperation, which will allow the expansion and deepening of relations in the field of defense, considering the growing dynamics of bilateral activities and the recent changes in the security environment, the quoted source mentioned."The agreement signed today [Friday] reflects the current level of military relations with Turkey, one of the most important strategic partners of Romania, especially in the context of the 100th anniversary of military and diplomatic relations between our countries", said the defense minister, quoted in the press release.The Ministry of Defense informs that the program of the Romanian minister's visit included a round of official talks, a visit to the Defense Industry Agency and some facilities in the field, as well as laying of a wreath by the Romanian delegation at the Anitkabir Mausoleum, where Mustafa Kemal Ataturk rests.
The Bucharest office market has shown early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting a renewed occupier appetite for future office spaces. The current development pipeline, exceeding 215,600 sq.m, the highest level in recent years, is expected to be gradually absorbed, according to data from the Cushman & Wakefield Echinox […]
The European Bank for Reconstruction and Development (EBRD) has officially launched its Risk Sharing Facility in Romania extending EUR 270 million in “green financing” to Romanian banks under the InvestEU program. Through its InvestEU guarantees, the EBRD expects to mobilize new green financing for individuals and companies in Romania, ensuring much-needed energy savings and carbon […]
The Haferland Week Festival will take place this year in Romania between August 6 and 9, celebrating local Saxon culture with a series of events themed “Longing for Transylvania.” The event will take place in 10 localities: Archita, Saschiz, Homorod, Rupea, Criț, Roadeș, Meșendorf, Cloașterf, Bunești, and Viscri. According to the organizers, the theme is […]
EUROPAfest will return to Bucharest between July 3 and July 12, bringing artists from 14 countries to the Romanian capital for the festival’s 33rd edition. The organizers said this year’s event will place a stronger focus on jazz while also continuing to feature blues, pop, and classical music performances. Artists from France, Italy, Ireland, Canada, […]
CPI Property Group has secured EUR 100 million in financing for Sun Plaza, one of the largest shopping centers in Bucharest. The funds were arranged through a club-deal involving OTP Bank and ING Bank Romania. The company said the transaction was signed through its subsidiary CPI Europe AG and also marks the beginning of a […]
Aquila (BVB: AQ), a major player in the Romanian market for integrated distribution and logistics services for fast-moving consumer goods, or FMCG, has inaugurated its new logistics center in Bacău, a strategic project in which the company invested over EUR 1.2 million. The new logistics infrastructure integrated the relocated operations into a modern facility with […]
