The Romanian Senate on Monday passed a government bill allowing for the donation of a Patriot surface-to-air missile system to third parties, 101 to 13 and two abstentions.Chair of the Senate Defence Committee Nicoleta Pauliuc voiced hope that the bill will pass through the Chamber of Deputies, the decision-making body in this case, by the end of this week.After the adoption of the law by Parliament, the Romanian government will be allowed to issue the decision that will make such donation operational.The bill manadates the government of Romania to take the necessary steps to rebuild the ground-based air defence capability related to the essential acquisition programme "Long Range Surface-to-Air Missile System" by awarding to the Government of the United States of America a Letter of Offer and Acceptance (LOA) state contracts specific to Foreign Military Sales programs - (FMS) for the acquisition of a PATRIOT surface-to-air missile system configuration 3+, as well as major equipment, means of transport, materials, parts, maintenance equipment, initial logistic support and training service, cryptographic equipment.At the same time, Romania's Defence Ministry (MApN) is mandated to provide the funds necessary for the payment of taxes and commissions related to the rebuilding of the ground-based air defence capability.Social Democratic Party (PSD) Senate floor leader Lucian Romascanu said that "we are NATO members and we have a security guarantee, (...) And in order to have peace here, we must help those who are fighting a little further to win, as it is another guarantee of security."National Liberal Party (PNL) senator Nicoleta Pauliuc said that by donating a Patriot surface-to-air missile system "there is no question of Romania being left without protection" because the country has seven other such systems, two of which are in working condition with the necessary human resources to manage them, two are in the with the Romanian Army and another three are to become part of it."Through this donation, Romania has demonstrated once again (...) to be a security provider in this area. When the war ends, Romanian companies will also participate in the reconstruction of Ukraine," Pauliuc said.Seante floor leader of the Alliance for the Union of Romanians (AUR) Calin Maties voiced disagreement with the donation of the Patriot system of "USD 1 billion," saying that Romania is poor.
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
