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.
ARTEX AG, a Liechtenstein-based company and sole shareholder of ARTEX MTF, a Lichtenstein-based regulated multilateral trading venue, has appointed Claudio Cisullo, Founder and Executive Chairman of the Swiss-based family office CC Trust Group AG, as non-executive Director, effective April 3rd, 2024. ARTEX AG was co-founded by H.S.H. Prince Wenceslas von Liechtenstein and Yassir Benjelloun-Touimi in […]
Prince Paul Phillippe of Romania, one of the country's notorious fugitives, was captured in Malta at a resort where he was on vacation. Paul of Romania has been on the run for nearly four years from the country, where he was sentenced to 3 years and 4 months in prison in the case regarding the […]
Hobița, the village of famous Romanian sculptor Constantin Brâncuși, is at the center of a new temporary exhibition at Art Safari in Bucharest, which opens on Wednesday, May 1, and will be on display until May 19. Art Safari also offers a family program during the Labor Day & Orthodox Easter mini-holiday, open daily from 12:00 […]
The first section of the Transapuseana, a road that crosses Romania's Apuseni Mountains, was recently inaugurated. The section consists of 43 kilometers of county road. The road (DJ 107I), initially known as the 'Transalpina of the Apuseni,' was later renamed Transapuseana. It is the largest investment on a county road in Romania, with a total […]
According to a report from Romania’s National Institute of Statistics, during the period 2020-2022, the proportion of Romanian companies that introduced new or improved products or business processes into the market was 8.8%, a decrease of 1.9% compared to 2018-2020. Business innovation refers to the wide range of activities that enterprises...
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
