The open dialogue between NATO and industry will be essential, NATO Secretary General Mark Rutte told the NATO Industry Forum 2025, taking place in Bucharest on Thursday.The Forum gathers 900 participates, includes 300 events and has been described by Rutte as one of the biggest events of the kind."You, the business industry and executives in this room, are the industrial component of our deterrence and defence," he told those attending.He underscored the power of innovation in the area. "We live in free societies, where your creativity can thrive," the NATO Secretary General detailed.At the same time, he told the defence industry representatives he understands the risks they take on, mentioning the long-term contracts signed by governments. The political will and the money is there, Rutte said, adding that he has talks with allied leaders in this respect.About Romania, he praised the fact that the country is stepping up in terms of defence spending, along with the other allies, "(...) including Romania, indeed, which has plans to increase defence spending to 3.5 per cent by 2030."Referring to the alliance's defence and deterrence role, he underscored the peace through strength concept."NATO will do its part, and we need industry to do yours," the told the audience.The NATO head also spoke about security in the near future."Russia's unprovoked war against Ukraine is the most obvious example of the threat. But the danger posed by Russia will not end when this war does. For the foreseeable future, Russia will remain a destabilising force in Europe and the world. And Russia is not alone in these efforts to undermine the global rules," Mark Rutte added and underscored that the alliance must be prepared for a long-term confrontation. (Photo:https://www.nato.int/cps/en/natohq/photos_238863.htm)
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
