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Evolution of Russian Federation's war of aggression in Ukraine, topic of Romania-Poland Strategic Dialogue
Monday, May 13, 2024
The session of the Strategic Dialogue Romania - Poland, at the level of Foreign Affairs and Defense, held on Thursday, at the headquarters of the Ministry of Foreign Affairs, had as its main topics the evolution of the Russian Federation's war of aggression in Ukraine, its consequences in the Black Sea and Baltic Sea regions, bilateral cooperation in the field of defense, aspects of the defense and security policy of the European Union, the Ministry of National Defence (MApN) informs ...
DefMin Tilvar: US has approved the sale of AIM-9X Sidewinder Block II missiles to Romania
Monday, May 13, 2024
The Romanian Air Force getting equipped with state-of-the-art air-to-air missiles significantly increases the safety of the national and NATO airspace and ensures a high degree of interoperability with similar components of the US Army, Romania's Defence Minister Angel Tilvar said on Friday .In a message released by the Defence Ministry (MApN), Tilvar welcomed the recent announcement that the US has approved the sale of AIM-9X Sidewinder Block II missiles to ...
Geoana, asked if he runs for the presidential elections: I feel a desire for profound change in the country and in the diaspora
Monday, May 13, 2024
The NATO deputy general secretary, Mircea Geoana, considers that ‘ the present political offer is not very convinging’ for many Romanians and he feels in the public in the country and in the diaspora ‘ the desire for profound change’. He did not want, on the other hand, to answer if he runs for presidential elections, showing that an announcement regarding his political future would be made only after ending his NATO ...
Representatives of the U.S. Department of Commerce visit Romania
Monday, May 13, 2024
Romania can become an investment hub for U.S. companies, as it has all the necessary capabilities to support large-scale projects, plus the benefit of a favorable geographical position and also of skilled human capital, considers Economy Minister Radu Oprea.The official met on Friday with the delegation of the U.S. Department of Commerce led by Cynthia Aragon, Executive Director for the Advocacy Center, to discuss the strengthening of bilateral cooperation and of the ...
Romania's trade deficit shrinks by 1.5pct three months into 2024
Monday, May 13, 2024
Romania's Q 1 2024 FOB / CIF trade deficit was EUR 6.699 billion, down 1.5% or EUR 103.3 million y-o-y according to data with the National Institute of Statistics (INS) published on Friday.In March 2024, the trade deficit was standing at EUR 2.548 billion.Statistical data indicate that Q1 2024 FOB exports amounted to EUR 22.946 billion and CIF imports amounted to EUR 29.645 billion, which means that exports declined 3.7% and imports 3.2% ...
Law Granting Amnesty For Tax Evasion Under €1M promulgated By President
Monday, May 13, 2024
Romanian President Klaus Iohannis has signed of the law regarding certain measures to strengthen the capacity to combat tax evasion. The legislative act decriminalizes tax evasion offenses with a prejudice of less than one million euros, if it is fully covered, plus 15%. On December 19, ...
OTP Bank Romania's Q1 consolidated net profit at RON 2 ml
Monday, May 13, 2024
OTP Bank Romania's Q1 consolidated net profit was RON two million, down 88 percent year-over-year, the financial institution said in a release on Friday.The result was influenced by the lower revenues compared to the previous quarter, the higher operating expenses, and the new tax introduced in the banking sector in 2024, which requires the bank to pay an additional 2 percent of turnover. Consequently, the payable tax is now in excess of RON 13 million compared to RON ...
iBanFirst study: The 5 critical challenges of CEE companies expanding globally based on insights from the region’s pioneering global businesses
Monday, May 13, 2024
- IMF projecting a 2.8% GDP growth for Romania, and 3.1% GDP growth for Emerging and Developing Europe overall - surpassing the 1.7% of advanced economies, CEE is becoming a critical region for international business expansion. - As pioneering global businesses in CEE mature, they share challenges such as managing regional brand perceptions, accessing capital, managing local talent, understanding diverse consumer ...
EIB: Advancing sustainable finance in Central, Eastern and South-Eastern Europe
Monday, May 13, 2024
The European Investment Bank (EIB) released the extensive research conducted by the Vienna Initiative working group on climate change and financial stability, entitled Greening the financial sector: A ...
Over a million ING customers gained financial security via NN insurance, receiving over 25 million euros
Monday, May 13, 2024
NN Romania and ING Bank Romania have supported over 1 million customers to benefit from financial protection through solutions developed as part of the strategic partnership started 10 years ago, including life, health, job loss and loan insurance. In the situations covered, customers who needed their insurance or their families have received a total of 25 million euro in benefits to date. “Starting this year, the insurance portfolio developed together with ING ...
