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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
