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.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
