The governments of Romania and the State of Kuwait have signed an agreement on cooperation in the military field, the Ministry of National Defense (MApN) announced on Wednesday, in a press release sent on Tuesday.Secretary of State and Head of the Department for Defence Policy, Planning and International Relations Simona Cojocaru and Brigadier General Fawaz Al-Harbi, Assistant Chief of Staff, Kuwaiti Army, signed on Wednesday the Agreement between the Government of Romania and the Government of the State Kuwait on military cooperation.The signing ceremony was also attended by the ambassador of the State of Kuwait in Bucharest, Talal Mansour Alhajeri, and the ambassador of Romania to Kuwait, Mugurel Ioan Stanescu, the press release reads.The agreement will provide the legal framework for cooperation between the two parties in areas of mutual interest such as military training and education, intelligence exchange, military history and geography, cultural activities.According to MApN, discussions revolving around the bilateral political-military dialogue also took place during the visit of the delegation from Kuwait."Against this background, the discussions focused on bilateral cooperation, the approach to the security situation in the area of the Black Sea and the Middle East and the efforts of the two countries to ensure stability at the regional level," the MApN release further mentions.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
