Romania sent to the European Commission a portfolio of projects meant for the development of the defence industry and increase of military mobility, through the Security Action for Europe (SAFE) mechanism.According to a Government press release, approximately 70pct of the projects attached to the application submitted by Romania include purchases of military equipment for the development of the national defence industry, with the remaining 30pct earmarked for increasing military mobility in terms of transportation and logistical connectivity."At the Chancellery of the Prime Minister, we have concluded Romania's application for the SAFE programme (...). The goal we seek is to develop the national defence industry, transport infrastructure and logistical interconnection," head of the Chancellery of the Prime Minister Mihai Jurca stated.The project proposals were established within the Working Group set up by the Decision approved by Romania's Supreme Council for National Defence (CSAT) on April 30, 2025, and led by the Prime Minister's Chancellery, in close consultation with the Presidential Administration team, the Ministries of National Defence, Interior, Economy, Transport, and other institutions in the national defence, public order and national security system.The SAFE instrument is a temporary EU financial instrument, with a budget of 150 billion EUR, consisting of loans. The essence of this programme consists in the European solidarity regarding the need for modern and resilient collective defence, by stimulating industrial cooperation, reducing fragmentation and creating an efficient single market for defence equipment.The borrowing is granted based of a national defence industry investment plan approved by the European Commission and the funds can be used until December 31, 2030.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
