The Senate President, Mircea Abrudean, opened on Monday the works of the plenary reunion of the NATO Industrial Consultative Group (NIAG), taking place at the Parliament Palace, occasion on which he emphasized Romania’s commitment to the objectives of the organisation. In the message adressed to the participants, the Senate President emphasized the essential role of NIAG as a brdige between NATO and the defense industry of the member states, offering a structured and constructive channel for information regarding the newest trends and innovative solutions, a press release published on Monday on the site of the legislative forum says. Abrudean reiterated Romania’s commitment to the NATO objectives and mentioned our country’s efforts to transform investments in defense into an engine of economic growth and technological progress. Among the major projects mentioned are the investment of the South Korean company Hanwha Aerospace in a new shell factory in Dambovita county, which will generate up to 2,000 jobs, as well as the partnership with Rheinmetall for the construction in Brasov of the most modern dust factory in the European Union with an investment of over 500 million euros. The event brought together representatives of the defence industry from the North Atlantic Alliance member states, NATO experts and officials, in a dialogue framework dedicated to industrial cooperation and technological innovation in the field of defence. The NIAG plenary meeting, held for the first time in Bucharest, provides a framework for extensive cooperation between NATO and the defence industry, with the aim of identifying practical solutions for building a safer and more stable future, reads the release quoted.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
