NATO Deputy Secretary General Mircea Geoana said in Constanta on Friday at the Black Sea Security Summit that NATO will continue to support Ukraine and that the Black Sea area remains a critical area of strategic relevance to NATO.He also said Russia is "the number one threat" at the time, adding that the rise of China is another important "challenge" to NATO's interests, values, and security. At the same time, Geoana thanked the US for the significant resources they provided to the Ukrainian army."We decided at the NATO Summit in Madrid to continue to support Ukraine. Their fight is our fight. We will continue to support Ukraine militarily, financially, in humanitarian ways, and let me thank the US Congress that in a bipartisan way has appropriated a significant amount of resources to the brave, heroic fight of the Ukrainian people and the army. We owe you a great deal of respect and gratitude. (...) This is a historic moment for our entire democratic world. I want to thank our American friends and allies for the impeccable, bipartisan support for our great alliance. This is the right way to conduct world affairs and to maintain and support our values of freedom, rule of law, and human dignity," said Geoana.The Black Sea Security Summit round table is organised by the US Congressional Committee on Security and Cooperation in Europe and is co-chaired by Romania's Foreign Minister Bogdan Aurescu and US Senator Roger Wicker.The event is organised for the first time in Romania and represents "the first multilateral dialogue in this formula among regional allies and partners on security in the Black Sea region," according to the Romanian Foreign Ministry (MAE).According to the congressional commission, "at this historic event on the shores of the Black Sea, members of the US Congress, senior-level government officials from the region, and key international partners will come together in a roundtable format to underscore the critical importance of the Black Sea region to European peace and security, and to establish a sustainable, collective approach to ending Russian aggression and enhancing mutual co-operation."
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
Romania’s foreign trade deficit (goods) widened by 27% y/y to EUR 8.45 billion in Q1, according to data published by the statistics office INS. Exports rose by 2.7% y/y while imports surged by 8.1% y/y. Romania’s deficit in foreign trade in goods has reached EUR 35.2 billion in the four quarters to March 2025, or […]
Romania’s Treasury has launched new issues of government bonds under the Tezaur and Fidelis schemes, paying yields of 6.75% (1-year) to 7.8% (5-year) for the local currency debt and up to 6.25% (7-year) for euros. After the Treasury raised RON 21.4 billion (EUR 4 billion) under the two schemes year to date, the households’ demand […]
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
With five days remaining until the second round of Romania's presidential elections on Sunday, May 18, the race between far-right leader George Simion and independent candidate Nicușor Dan is extremely close, according to an AtlasIntel opinion poll conducted for
