Romania's President Klaus Iohannis will participate, November 7-8, in the fifth Summit of the European Political Community (EPC) and in an informal European summit that will take place in Budapest, Hungary, the Presidential Administration reported on Wednesday.The European Political Community is an intergovernmental forum for political and strategic discussions about the future of Europe."The EPC Summit in Budapest will include a plenary session, where discussions will focus on the security challenges facing Europe, with emphasis on the situation in Ukraine, and roundtable conferences where leaders will address specific topics of shared interest, such as migration and economic security. During the debates, President Klaus Iohannis will reiterate the need for a united and firm position of the leaders regarding the security situation in the region, as well as continuation of support for Ukraine's sovereignty, independence and territorial integrity amidst Russia's war of aggression."Iohannis will also attend a roundtable conference touching on migration, where he is expected to plead for finding illegal migration management solutions at European level in the short term, but also through a more comprehensive long-term approach, which will allow greater cohesion and efficiency at European level in addressing the issue.The informal meeting of the European Council, hosted in Budapest by the Hungarian Presidency of the Council of the European Union, includes an in-depth debate on European competitiveness, a priority on the EU agenda in the coming years."EU leaders aim to adopt a political declaration on a new European pact for competitiveness to guide the work of the European institutions in the field, given the urgency to act decisively at EU level in addressing the current challenges. During the debates, the President of Romania will underline the major role of cohesion and convergence as instruments for achieving the European Union's competitiveness objectives. He will also plead for the elimination of all barriers on the single market and for the full assurance of freedom of movement on all its components," according to the Presidential Administration.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
