Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. NATO Deputy Secretary General: Special focus on Black...

NATO Deputy Secretary General: Special focus on Black Sea, Western Balkans at NATO Summit in Washington

August 7, 2024

The North Atlantic Alliance (NATO) summit starting July 9 in Washington, D.C., United States of America, is a historic summit and will put special emphasis on the Black Sea region and the Western Balkans, NATO Deputy Secretary General Mircea Geoana said on Monday evening."We are celebrating 75 years since the founding of our alliance, an alliance that has ensured peace, stability and security for member states in the past, present and future. It is rightly considered the most important and successful alliance in human history. So, a historic anniversary, but also a historic moment of unprecedented complexity. Indeed, Europe's security is being shaken by Russia's war against Ukraine, the situation in the Middle East remains very complicated, and in the Asia-Pacific region things are not as peaceful as we would like them to be. It is a time of great transformation and this summit in Washington, where our leaders will come together to make truly historic decisions, is trying to respond to the challenges as we have done throughout history. One - defense and deterrence on every square inch of Allied territory, including on the Eastern Flank, including here in Romania. There will be a special focus on the Black Sea, on the Western Balkans in general, on the challenges that the aggressiveness of the Russian Federation brings us and will continue to bring us," Mircea Geoana told private broadcaster Antena 3.Other topics that will be addressed, according to the NATO Deputy Secretary General, are defense production and the "wise" use of defense funds."Times are complicated. We need a strong military, we need top quality national and collective security. We will also discuss what this means for the revival of the defense industry in Europe and, I hope in our country, in Romania, as well, because we have engineering potential, potential for well-paid jobs and it is good to be prepared to take advantage of this inflection point," he added.Support for Ukraine, backing for the Republic of Moldova, "which is under an extremely vicious hybrid assault from the Russian Federation", and ways in which NATO countries will be able to counter Russian aggression are other topics of discussion."Russia has neither the potential nor the intention to attack us militarily, but it will use any kind of tool, from cyber attacks, disinformation, using and interfering in our elections, attacks against critical infrastructure of our alliance, so, an area of maximum attention to the growing aggressiveness of the Russian Federation," the NATO official emphasized.Mircea Geoana pointed out that the way European and global security will look for decades to come will depend on how the war in Ukraine will end.As far as the Romanian Army is concerned, he said "there is still a lot to invest"."We are on the right track and, as long as we have a political consensus in Romania, beyond the electoral cycles, beyond one president or another, beyond one government or minister or another, we will be able to give our army what it needs from us, what we need from them. We cannot leave it to others to defend us. We also need military power and the rebirth of the defense industry in Romania," Mircea Geoana added.The North Atlantic Alliance (NATO) summit begins on July 9, 2024 in Washington, D.C., at the Walter E. Washington Convention Center, where for three days (July 9-11) the leaders of the organization's member and partner states will discuss the most important issues on NATO's current agenda, marking the 75th anniversary of the North Atlantic Treaty Organization in a historic setting, according to https://www.nato.int.

Read in full - click here
Romania’s Constitutional Court invalidates oncological patients’ right to full withdrawal of private pension portfolio

Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]

Romanian government restricts exception in the pension-wage cumulation ban bill

The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to

Romanian business community urges authorities to cancel minimum turnover tax

The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania.  The Romanian government will address […]

Romanian president repeats invitation for corporates to draft laws, until state builds capacity

Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]

Premier Energy reports 36% normalized EBITDA growth for the first nine months of 2025

Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025.  On a reported IFRS basis, revenue […]

Romanian mobility solution provider Autonom enters EUR 300 mln credit facility agreement

Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]