President Klaus Iohannis on Wednesday said Romania must intensify efforts to strengthen the reserve of military personnel, revitalise the national defence industry and modernise the transport infrastructure."The defence of our citizens is one of the fundamental obligations of the Romanian state. However, the safety of the people cannot be guaranteed without an army equipped with modern technology. Since 2023, Romania has increased the allocation for Defence from 2% to 2.5% of the GDP, that is for equipping the Romanian Army, for motivating, training and improving our military and for increasing the level of interoperability with allied forces. At the same time, we must intensify our efforts to strengthen the reserve of military personnel, to revitalise the national defence industry and to modernise the transport infrastructure," Iohannis told the "ROMANIA - NATO, 20 years" event, held at the National Military Centre in Bucharest.Iohannis mentioned that Romania, together with NATO allies, will continue to offer "multidimensional political and practical support" to Kyiv."An important dimension of this support will be the training of the Ukrainian military, including future F-16 pilots, at the centre we host in Fetesti. We will coordinate within the European Union to support the European path of Kyiv and Chisinau and we will advocate for substantial assistance to Ukraine at all levels. Romania also remains a firm supporter of the transatlantic link and the intensified cooperation between NATO and the EU, in the spirit of mutually beneficial synergy of efforts and complementarity," Iohannis said.Also attending the "ROMANIA - NATO, 20 years" event, organised by the National Defence Ministry, are: Senate President Nicolae Ciuca, Prime Minister Marcel Ciolacu, Foreign Minister Luminita Odobescu, political and military personalities from Romania and from member states of the North Atlantic Alliance.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
