The antimissile defence system in southwestern Romania's Deveselu will become active on December 18, John Heffer, Principal Deputy Assistant Secretary John Heffern told Radio Romania Actualitati (RRA) on Wednesday in Washington. John Heffern participated on Wednesday at the Library of Congress in the reception marking the National Day of Romania. Activating the antimissile defence system in Deveselu on December 18 demonstrates very, very strongly a good governance, transparency and fight against corruption, Heffern stated. I was very enthusiastic to see the events that took place in Bucharest in the past two months. State Secretary (John) Kerry described Romania's commitment for good governance as a model for other countries, the US official stated. Asked about the security situation in the region, he warned that challenges are coming from all sides. From the East we have, of course, issues with Russian aggression in Ukraine, we have problems in the South as well, the US official stated. From the point of view of its geographical location and politic commitment, Romania is important for us, to be able to face these challenges, John Heffern added.
Romanian tennis player Jaqueline Cristian, ranked 82nd in the world, advanced to the third round of the Australian Open on Thursday, January 16, after defeating Italy's Lucia Bronzetti in two sets 7-5, 7-5. The match lasted two hours and four minutes, according to News.ro. This marks the...
The corporate branch in Romania of PKO Bank Polski, the leader of the Polish banking system, will begin its operational activity on the local market in 2025, according to Ziarul Financiar. The Romanian daily announced in October 2023 that PKO Bank, the largest bank in Poland, with assets equivalent to 70%...
The Romanian Ministry of Energy announced that it notified the Foreign Direct Investment Review Commission (CEISD) regarding the transaction through which Hungary's state-owned energy group MVM intends to acquire the gas and electricity supply division of E.ON Energie Romania,...
At the monetary policy meeting of January 15, Romania’s central bank (BNR) maintained the monetary policy interest rate at 6.5%, which was in line with expectations. Amid persistent inflation risks and with no budget plan drafted by the government, the monetary authority thus prioritized a cautious stance over the need to encourage economic growth. “We […]
Ford Transit & Tourneo Courier, Ford Puma, and the new Dacia Duster led Romanian car production to a record volume of over 560,000 cars, according to calculations by Ziarul Financiar based on information from the car market and Ford Otosan's stock exchange report. The volume thus brings a 10% increase...
Romania's industrial output in the 12 months to November 2024 contracted by 2% y/y, according to data published by the statistics office INS. The contraction was slightly softer (-1.6% y/y) in the core manufacturing sector, with the segment of utilities (-4.4% y/y) dragging down the overall performance. Most likely, the industrial output in Romania ended […]
