National Defence Minister Angel Tilvar participated on Tuesday at the 57th Capitan Aviator Constantin Cantacuzino Air Base in Mihail Kogalniceanu in the mission-ready certification ceremony for the Spanish Air Force detachment deployed to Romania for conducting enhanced air policing missions together with the Romanian Air Force, the Defense Ministry reports.In the speech delivered on this occasion, Minister Tilvar termed the participation of the Spanish troops in the missions in Romania as proof of cohesion and allied solidarity, which demonstrates "the collective determination of the members of the North Atlantic Alliance to strengthen NATO's reaction and deterrence capacity at the Black Sea.""We must be flexible to changes in the security situation facing the Alliance and we must convey a strong and unequivocal public message: we are working together under the umbrella of the largest defense alliance to protect the airspace of NATO's southeastern flank, a region with a complex security architecture, especially after the start of the war in Ukraine, in February 2022. We remain vigilant and we stand in solidarity to respond to the new security challenges," Angel Tilvar said.The ceremony was also attended by Chief of Defense Staff, General Gheorghita Vlad, representatives of the Spanish Embassy in Romania, of NATO's Combined Air Operations Centre (CAOC) Torrejón, and of the Spanish Air Force, as well as by the Romanian Air Force Chief of Staff.The roughly 150-strong Spanish detachment (pilots and technical personnel) with eight F-18 Hornets will perform in the next four months, together with their Romanian Air Force peers, enhanced air policing missions under NATO command.Joint air policing missions contribute to the development of the reaction and deterrence capacity, as well as to strengthening the interoperability of the Romanian and the Spanish Air Forces.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
