September 13, 2024 The United States State Department has made a determination approving a possible sale of 32 F-35A Lightning II fighter jets to Romania, which offers a significant enhancement in Romania's defense capabilities and will further strengthen the strategic partnership between the United States and Romania. This proposed sale will improve the security of Romania, a NATO Ally that is an important force for political and economic stability in Europe. The approximately $6.4 billion sale will provide Romania with the state-of-the-art F-35A multi-role fighter jet, offering advanced stealth, sensor fusion, and unparalleled air superiority capabilities. The acquisition of the two F-35A squadrons will significantly enhance Romania's ability to address evolving security threats and contribute to regional defense efforts. U.S. Ambassador Kathleen Kavalec stated, “This commitment is a testament to the strong partnership between our two nations and demonstrates once again Romania’s leadership in the defense of regional security. Romania is a key NATO Ally in promoting security and stability in the Black Sea region and beyond. The F-35s will provide Romania with unparalleled air defense capabilities and enhance interoperability among NATO air forces.” The first delivery of the F-35A aircraft to Romania is expected by 2031. The United States will continue to work closely with Romania to ensure a smooth and effective integration of these advanced aircraft into their defense forces.(Photo:https://www.lockheedmartin.com/) (Source: Public Diplomacy – Press Office - U.S. Embassy-Bucharest)
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
