The Ministry of National Defense signed on Monday the contract for the acquisition of 18 F-16 Fighting Falcon aircraft and related equipment from the Government of the Kingdom of the Netherlands at the symbolic price of 1 euro, announced Minister Ionut Mosteanu, who specified that the aircraft will be used exclusively for training and instruction."It is an important step for the development of the European F-16 Training Center in Fete?ti, which has become a regional hub for training pilots from NATO member states and partners. The 18 aircraft will be used exclusively for training and instruction, with part of the places in the program being dedicated to training Ukrainian pilots. The acquisition is made at a symbolic price of 1 euro. It is a smart investment in training, cooperation and the future," the Minister of Defense wrote on his Facebook page.According to him, the project reflects the trust of the Dutch partners and the recognition of the professionalism of the Romanian Air Force."I thank everyone involved - the technical teams, procurement experts and Dutch partners - for the seriousness and pace with which they brought this process to a successful conclusion. Romania continues to invest in defense, in solid partnerships and in well-trained people. F-16 means safety, cooperation and a step closer to the next stage: the integration of F-35 aircraft into the Romanian Air Force," Mosteanu conveyed.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
