President Klaus Iohannis will participate on Monday in an informal European Union leaders' retreat on defence issues, which will take place in Brussels, where he is also scheduled to discuss European defence and the transatlantic relationship.According to the Romanian Presidential Administration, in his remarks, Iohannis will voice support for the need for the European Union to take up increased responsibility for its own defence, "efficiently, credibly, responsibly and in complementarity with NATO, which remains the foundation of Euro-Atlantic security."Iohannis will also highlight the importance of deepening cooperation at the level of the European Union on defence issues, the economic dimension of defence, the efficient use of financing mechanisms and options, the need to develop the European defence industrial and technological base, as well as the connection of this field with the overall competitiveness and cohesion of the European Union.He will also underline the key role of the transatlantic relationship and global partnerships in increasing the resilience of the European Union on this level.EU leaders' discussions will focus on concrete ways to strengthen defence capabilities at European level, preparing and substantiating the formal decisions to be taken moving forward.Also addressed will be the importance of the transatlantic relationship and the Strategic Partnership between the EU and the US, the relationship between the EU and the United Kingdom, the European Union's partnerships in the field of defence, as well as the complementarity between the EU and NATO in terms of security and defence.The debates also aim to identify some basic principles necessary for the design and passage of a programmatic document related to the future of European defence - the "White Paper", to be drawn up in the first part of 2025 by the European Commission. The document will also address the EU's defence capability priorities, also taking into account the support needed for Ukraine, joint defence initiatives and the resources needed to develop them.In addition to consultations among the national leaders of the member states, there will be an exchange of views with the President of the European Parliament, Roberta Metsola, a meeting with Secretary General of NATO Mark Rutte, and a meeting with the British Prime Minister, Keir Starmer.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
