The Minister of National Defence, Angel Tilvar, signed on Wednesday, on the sidelines of the Washington Summit, the Letter of Intent for the creation of a military mobility corridor between Romania, Bulgaria and Greece, the Defence Ministry (MapN) informs.According to the same source, "this initiative marks significant progress in strengthening NATO's defence and deterrence capabilities in the region."The project aims to optimize transport corridors to meet military mobility requirements, by creating supply routes (road and rail) between the participating states, reducing bureaucracy in peacetime and maximizing efficiency in emergency and crisis situations, taking into account the NATO and national initiatives.The Letter of Intent signed by Greece, Bulgaria and Romania closely aligns with NATO's priorities of ensuring collective defense, improving rapid reaction capabilities and increasing interoperability between member nations, contributing to a fair distribution of responsibilities between allies."The close collaboration with Bulgaria and Greece will allow us to respond more effectively to current and future security challenges. We will continue the discussions and remain open to other similar initiatives, which will lead to the strengthening of Romania's role within the North Atlantic Alliance", the Romanian minister of Defence emphasized, according to a MapN press release.The project will benefit from existing initiatives at the level of the European Union, aiming at a coordinated approach between NATO and the EU in the field of military mobility. The implementation of the project at the national level will require concerted efforts between various institutions, involving the entire governmental spectrum.In the context of the NATO Summit in Vilnius in 2023, it was agreed on the need to strengthen the deterrence and defense posture of the Alliance by adopting new defense plans and accelerating military adaptation. This adaptation includes the ability to supplement forces and equipment and to ensure logistical support, by facilitating the cross-border transit of forces and capabilities, even in peacetime, MApN explained.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
