Romania will not send combat fighters to Ukraine, on Wednesday said president Klaus Iohannis, in central Brasov County."Romania will not send combat fighters to Ukraine, the discussion is simple and I think this is over," the president stressed.Referring to the expenses for equipping the army, the president explained that there are two reasons why things got complicated: "one, because everyone wants to buy weapons nowadays and it is not so easy to make a purchase anymore. Two: the inflation we had spoiled the calculation a little in this area as well."Still, the president went on, "to a good extent, this expense has already been corrected, because a lot of money was spent on Defence at the very beginning of this year for matters that were planned to be purchased last year. Unfortunately, we don't have a multi-year budget, even though something like that has been discussed for decades. Maybe one day we will have, because you can only plan military acquisitions with annual budgets with great difficulty. No one produces sophisticated weaponry from one day to the next and no one has them in stock, they have to be ordered, produced, delivered, paid for, a matter that often takes place over several years," Klaus Iohannis stressed."I think that Romania is doing very well what it is doing in the endowment area, but the public procurement rules often artificially extend the process a lot. And, yes, it is a matter that was also discussed at another level, that maybe it is needed even in the European Union, let's improve the public procurement rules to accelerate exactly in this area," the president said.Klaus Iohannis was visiting the Piatra Craiului National Park, on the occasion of the International Day of Biodiversity and on the sidelines of the European Day of National Parks, which will be celebrated on May 24.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
