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.
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
The Romanian Constitutional Court (CCR) has ruled that a series of tax increases, including higher levies on housing, land, cars based on pollution norms, and stock market gains, may take effect starting January 1, 2026, Biziday.ro reported. The Court rejected a challenge filed by the opposition party AUR against the government’s fiscal reform law, on […]
