The Executive has approved on Thursday, through a draft law, the ratification of the Romania-United Arab Emirates intergovernmental agreement on military cooperation, signed in Abu Dhabi on 22 June 2022.According to a government press release, the agreement aims to promote bilateral cooperation in the defence area between the two states, in accordance with national legislation and international obligations assumed by them based on the principles of equality, reciprocity and mutual interest."Areas of cooperation include: training of military personnel, joint operational training, collaboration in the military-technical area. The agreement takes the form of an international treaty at governmental level and contains classified information, which will only be disclosed to interested institutions," the release said.
Private equity firm Enterprise Investors (EI), one of the largest in the CSEE region, is actively pursuing investment opportunities on the local market, which has attractive growth prospects, the firm’s representatives have said. The firm is eyeing investment opportunities in businesses offering platforms for expansion within the region and beyond, in consumption-driven and export-driven companies, […]
Premier Energy (PE), one of the biggest energy groups in Romania, successfully closed its initial public offering (IPO) on the Bucharest Stock Exchange (BVB) on May 15, 2024. The company and IPO consortium set a final price of RON 19.5 per share, towards the lower end of the pricing interval (RON 19-21.5). This price implies a […]
Raiffeisen Bank Romania supports Dăruiește Viață with 1 million euro to start the construction of the medical campus at Marie Curie so that all patients treated at this hospital in Bucharest can benefit from the same treatment conditions at the best standards. ”We believe in change and impactful action, which is why year after year […]
The net result was RON 78.12 million on March 31, 2024, representing 81% of the budgeted level for the entirety of 2024. The total value of assets under management was RON 3.2 billion, an increase of 32.1% compared to March 31, 2023. The net asset value was RON 2.88 billion, an increase of 32.3% compared […]
The Praid Salt Mine, in central Romania, is temporarily halting both its extraction and visitation activities due to water infiltrating into the underground from a nearby stream, following recent heavy rainfall. This decision aims to protect and ensure the safety of staff and visitors until the situation caused by the recent infiltrations is resolved, the […]
Several sites in Romania have been added to the country's tentative list for UNESCO World Heritage, culture minister Raluca Turcan announced. The list includes the Peleș and Pelișor castles in Sinaia, former communist prisons, the Three Holy Hierarchs church in Iaşi and the Assumption of Virgin Mary cathedral at Curtea de Argeş, and the Movile […]
