The US presence on NATO's eastern flank is very important to us, President Nicusor Dan declared on Monday, as he advocated the increase in the GDP allocation for Defense.The Romanian head of state took on Monday his first foreign trip since taking office on May 26, participating in the Lithuanian capital in the NATO Eastern Flank (B9) and Nordic Summit, after which he and NATO Secretary General Mark Rutte, Ukrainian President Volodymyr Zelensky, Polish President Andrzej Duda, and Danish Prime Minister Mette Frederiksen delivered a joint press conference hosted by Lithuanian President Gitanas Nauseda."First of all, the US presence on NATO's eastern flank is very important to us. As I said before, we need to strengthen the transatlantic connection and in this context our commitment of 3.5% [of GDP] for Defense and a further 1.5% for broader security-related spending is highly important, and I hope we will make this decision in The Hague," thehttps://www.presidency.ro/ president said.Nicusor Dan told the Financial Times at the end of May that Romania is willing to increase its defense allocation to reach NATO's target of 3.5% of GDP, with an additional 1.5 percent for infrastructure and cybersecurity. (Photo:https://www.presidency.ro/)
Roughly 75% of Romanian employees are willing to go through professional retraining to overcome an economically unstable period, according to a survey by job platform eJobs. The data comes as Romania is bracing for a tough economic period and increased taxation, and job security becomes a prime concern. When it comes to retraining, candidates admit […]
Netherlands-based photographer Ilona Schong has been named the People Photographer of the Year in the non-professional category at this year's International Photography Awards (IPA) for her series documenting life inside traditional Romanian homes. In her series, titled Inside Romania, she captures Romanian villagers in their still-traditional households. "Welcomed with warmth and generosity, she witnessed moments […]
Romanian president Nicușor Dan confirmed on August 20 that he is likely to pay an official visit to the United States early next year, provided preparations proceed as planned. A few days ago, foreign minister Oana Țoiu said that president Dan is expected to visit the United States and meet with president Donald Trump in the […]
European allies are pressing the United States to deploy F-35 fighter jets to Romania as part of future security guarantees for Ukraine, The Times reported, citing discussions among senior military officials. Romanian outlet
Romanian croissant producer Derpan SA has raised EUR 2 million through a private bond placement brokered by brokerage house Goldring SA, the company announced on August 20. The secured, euro-denominated bonds mature in 2030 and carry an annual coupon of 11%, Ziarul Financiar reported. ...
Romanian banks’ aggregated profit (EUR 752 million) and profitability ratios in Q2 remained around those seen in Q1, meaning slightly below the performance in the same period last year, according to data published by the National Bank of Romania (BNR). The non-performing loans (NPL) ratio, however, rose slightly to 2.8% at the end of June, […]
