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 issues EUR 5 bln FX bonds amid strong demand after fiscal package

Romania raised approximately EUR 5 billion on July 9 in its first FX bonds issued after the political normalization and the fiscal corrective package aimed at addressing its major fiscal slippage, amid reported robust demand. The country's borrowing cost, revealed by both the spreads in the FX bond issues and the yield for the 10-year […]

Powerful storm hits Sinaia mountain town in Romania, causing injuries and widespread damage

A violent storm with extremely strong winds struck the popular mountain town of Sinaia, Prahova Valley, on July 9, causing significant damage, injuring at least 16 people, and disrupting transport and local infrastructure. Historical sites in the city have also been affected. Authorities had issued a message via the RO-Alert system ahead of the storm, warning […]

Lawyer of Romanian far-right figure Călin Georgescu reportedly investigated for sexual assault of a minor

Bogdan Mircea Petre, one of the lawyers who represented far-right politician Călin Georgescu, is allegedly involved in a case of sexual assault after he was caught in the act during a meeting with a minor, according to Digi24. The “sting operation” was organized by Alex Costandachi, known in the public space as Justițiarul...

Majority of Romanian CFOs say they now need constantly updated financial forecasts

Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]

Romanian authorities seize assets of mercenary Horațiu Potra in tax evasion case

Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu.  According to investigators cited by […]

Romanian car brand Dacia makes impressive entry in European SUV market with Bigster model

The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive.  June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]