Ukrainian president Volodimir Zelenski declared on Thursday that Romania's decision to offer his country a Patriot air defense system would consolidate Ukraine's air defense shield, as well as European security, Reuters informs. “This crucial contribution will consolidate our air shield and will help us better protect our people and critical infrastructure from the Russian air terror,” the head of the Ukrainian states reacted on platform X, when the Cuntry Supreme Defense Council (CSAT) decided on Thursday that Romania would donate Ukraine's Armed Forces a Patriot defense system. CSAT members invoked “the significant deterioration of the security situation in Ukraine as a result of Russia's constant and massive attacks on civilians and civillian infrastructure and the regional consequences of this situation, on Romania's security included, decided, in close coordination with the Allies, to donate a Patriot system to Ukraine,” a press release of the Presidential Administration reads. The donation of the air defense system by Romania “is made on condition of further negotiations with the Allies, especially with the American strategic partner, with a view to obtaining a similar or equivalent system answering the need to ensure the protection of the national air space, of modernizing the Romanian Army and ensure interoperability with the NATO system. So the identification of a temporary solution must be found to cover the operational vulnerability thus created,” the press release mentions.
Several civic organisations held a protest last week targeting the leadership of Romania’s judiciary, after accusing senior magistrates of overstepping their institutional roles, Epochtimes-romania.com reported. The groups - Iniţiativa România, Corupţia ucide,...
The ruling coalition will no longer negotiate with the Superior Council of Magistracy (CSM) and the High Court (ICCJ) on the magistrates’ pensions law but instead will come up with a revised version of the bill by November 18, inviting magistrates’ associations to demonstrate their loyalty by issuing the necessary consultative opinion timely, such to […]
Along with the American investment fund Carlyle, which is said to want Lukoil's assets under a global deal and is already active in Romania through the Black Sea Oil and Gas company as the third largest gas producer in Romania (10%), there are at least two other companies interested, according to Romanian minister of energy […]
Subscriptions under the November 2025 issue under the Fidelis government bond scheme were the weakest in the last six months, signalling a moderation in investor appetite for this form of savings. The state raised only RON 1.3 billion (EUR 260 million), of which approximately two-thirds came from tranches denominated in euros,
The International Monetary Fund (IMF), under its annual Article IV Consultations with Romania, said that the country’s general government budget deficit may drop to 5.8% of GDP in 2026 and suggested further steps for further fiscal consolidation. The Fund’s proposed plan focuses on personal income taxation, which would generate 0.9% of GDP higher revenues by […]
Romania’s current account (CA) deficit widened by 7.5% y/y to EUR 8.8 billion in Q3, despite a slight improvement in the balance of trade in goods (the country’s main source of external deficit), according to data published by the National Bank (BNR). The deficit of the trade in goods contracted by 7.8% y/y (by EUR […]
