President Klaus Iohannis promulgated on Thursday a law on the purchase of 32 F-16 airplanes, as part of the program “Multi-role Air Force planes”. The law stipulates the purchase of 32 F-16 airplanes by the Government of Romania from the Norwegian Government, together with logistic support and technical - engineering staff training, while observing provisions of article 22, letter f) from government emergency order no 114/2011 on public purchase contracts in the fields of defense and security, approved with amendments through law 195/2012, with later amendments and completions. The Finance Ministry is authorized, upon the suggestion of the Defense Ministry to ensure additional credit, representing the equivalent in lei of 494 million euros, needed for signing the contracts. Budget credits needed to carry out contracts provided at art. 1, and engagement credits supplemented in conditions of paragraph 2, are ensured by the state budget, through the Defense Ministry budget, in the limit of budget credits allocated by annual budget laws.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
