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.
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
