President Klaus Iohannis stated, on Thursday, that imposing a no-fly zone over Ukraine cannot be done practically, as NATO does not desire a military conflict with the Russian Federation, mentioning that Romania has rallied to this clear position."NATO does not desire a military conflict with the Russian Federation. NATO desires to perform whatever may be performed to not allow the war to extend beyond the borders it is currently in. The measures that NATO has taken, that the European Union has taken are of the economic sanction type. As a consequence, the imposition of a no-fly zone cannot be done practically, as such a no-fly zone can only be imposed militarily and we do not want to create the premises for the extension of the armed conflict in Ukraine. This position is very clear and Romania has rallied to this position," said Iohannis, asked on the topic at the joint press conference held together with Estonian President Alar Karis at the Cotroceni Presidential Palace.The President of Estonia stated, in his turn, that imposing such a no-fly zone is a "difficult matter".He went on to say that while the Estonian Parliament adopted a statement in support of such a measure, the matter is difficult, as it would involve NATO and Russia coming in direct contact, which is something that is not desirable at this time. He also stated his belief that at some point such a zone may have to be instituted.The Parliament of Estonia (Riikokogu) has requested the institution of a no-fly zone over Ukraine and encouraged the European Union and NATO to consolidate the alliance with this country. The request was adopted with 90 votes for out of a possible 101 (number of MP seats).
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
The National Network of Museums in Romania (RNMR) said it would not coordinate this year's edition of the Night of Museums, the yearly event that sees museums across the country stay open after hours. The organization said the decision was grounded in the "dramatic diminishing of the yearly financial resources allotted to most museums in […]
Romanian development minister Cseke Attila recently announced that the ministry he leads will be reorganized by cutting more than 500 positions, including managerial ones, and two of its subordinate institutions. The cuts are part of a wider trend among state institutions seeking to lower their operating costs. "Through this measure, we are reducing staff by […]
Romanian PM Marcel Ciolacu has revealed that he dispatched a special envoy to Mar-a-Lago, Florida, for informal discussions with representatives of the Trump-aligned US political camp, aiming to adjust Romania’s diplomatic approach amid shifting political dynamics. The initiative, reported by HotNews and
