*The company will also facilitate the delivery of humanitarian aid to conflict zones, https://www.euractiv.com/ reads. The Romanian government approved the creation of a state-run railway company to meet the country's defence needs on Wednesday, bringing the country in line with the EU's new military mobility initiative. The new company will be legally obliged to handle Romania's strategic transport, ensuring that the state has a reliable option in situations where private transport companies may refuse or be unable to provide certain rail services, especially in times of crisis. The "extraordinary events" of 2020-2023 highlighted the Romanian state's need for a reliable rail freight operator capable of transporting troops, equipment, machinery, and armaments in the event of military mobilisation either for Romania or for its strategic partners. The company will also facilitate the delivery of humanitarian aid to conflict zones, supporting international cooperation efforts. Beyond military needs, the company will play a critical role in transporting essential goods such as grain, raw materials, and fuel, helping to prevent potential food or energy crises. In addition to its strategic role, the state-owned company will also operate in the rail freight market, complementing existing services to meet wider market needs. Military Mobility, introduced by the European Commission for the 2021-2027 programming period, is also part of the Regulation on the Connecting Europe Facility 2021-2027. According to the Commission, military mobility is vital for the security and defence of Europe, as the armies of EU member states should be able to respond quickly and on a large scale to crises at the EU's external borders and beyond. Romania has committed to improving military mobility through its participation in the Permanent Structured Cooperation (PESCO) and reaffirmed this commitment at the NATO Summit in June 2018.
The Commander of the Central Military Hospital in Bucharest, Major General Florentina Ioniță-Radu, was brought to the headquarters of the National Anticorruption Directorate (DNA) on Thursday, October 16. She was questioned in a case investigating crimes of abuse of office, complicity in abuse of office, and usurpation of official positions. After the questioning, Ioniță-Radu was […]
A draft law approved by Parliament after a negative vote in the Senate was overruled by the Chamber of Deputies, clearing the hydropower projects in the environmentally-protected areas that held the necessary permits as of mid-2007, when the environmental protection was instated, received harsh criticism from environment minister Diana Busoianu (Save Romania Union - USR). […]
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The initial public offering (IPO) of Grup EM, the Romanian energy group that includes Electromontaj and Iproeb among other companies, closed on October 16 at 12:00 after two weeks of subscriptions, raising EUR 4.85 million for the 725.476 shares - the equivalent to 38% of the total number of shares offered under the IPO, for […]
Romania's economic growth will be somewhere between 0-1% and further acceleration in 2026 remains unclear, Fiscal Council head Daniel Dăianu said in a conference, as quoted by Economica.net. He toned down extreme pessimistic scenarios, such as those expressed by BRD-SocGen's chief economist, Florian...
Amid inflation, rising costs, and recent tax changes, 80% of respondents to a survey by the employers’ association Concordia believe the economic environment has deteriorated, while 71% expect further deterioration over the next 12 months. Investment plans remain cautious in this context, signaling a potential drag on economic growth. According to the survey, which included […]
