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RAMSTEIN LEGACY 24 FINISHES WITH LIVE FIRING AND CERTIFICATION OF ROMANIA’S SECOND PATRIOT BATTERY

Monday, June 17, 2024

 The multinational live exercise Ramstein Legacy 2024 concluded on June 14 with a live firing event from participating Surface Based Air and Missile Defence units and an international Distinguished Visitors’ Day. Ramstein Legacy is NATO’s capstone IAMD exercise. It enables Nations across the Alliance to test command and control, airborne early warning and conduct of air defence system weapon firing, ...

Korean Defense minister to visit Romania, Poland for arms cooperation

Monday, June 17, 2024

Korean Defense Minister Shin Won-sik will visit Romania and Poland this week for bilateral discussions on defense and arms cooperation, his office said Friday, amid Seoul's push to clinch more arms exports, https://en.yna.co.kr/ ...

Romania refuses to allow Russia and Belarus to attend OSCE PA session

Monday, June 17, 2024

Romania has not issued visas to the delegations of Russia and Belarus to participate in the OSCE Parliamentary Assembly session . The OSCE PA session will be held in Romania from June 29 to July 3.   "The Romanian authorities have decided not to allow the Russian delegation to participate in the annual session of the OSCE PA. This measure will be applied to all members of the delegation, parliamentarians, ...

PM Ciolacu: Election for office of president, in September, as we have decided

Monday, June 17, 2024

Prime minister Marcel Ciolacu said on Friday that the elections for the office of president of the country will be held in September, as decided by the coalition."It is obvious that the elections for the office of president are in September, as we have decided. We laid down a very clear condition, we did not announce the merger of elections until we had the full election calendar. (...) The election calendar is announced before the merger," premier Ciolacu ...

Analysts: Romania will operate with the handbrake on, especially in the context of fiscal uncertainty associated with 2025

Monday, June 17, 2024

The economy is going through a deep process of restructuring, determined by the effects of taxes hikes, inflation, the drop in sales and the deepening of the financial bottleneck and Romania will operate with the handbrake on for the next two years, especially in the context of the fiscal uncertainty associated to 2025, considers the coordinating partner Sierra Quadrant, Ovidiu Neacsu.” As we warned two years ago, the restructuring of the businesses ...

Study : Romanians spend more money in malls in 2024

Monday, June 17, 2024

  The latest Reveal Marketing Research study commissioned by Brand Management aims to find out more about how much time Romanians spend at the mall and how much money they spend, tracking differences in their behavior compared to the similar study conducted last year.   Romanians ...

4,747,604 pensioners, in May 2024

Monday, June 17, 2024

  As many as 4,747,604 pensioners were registered in May 2024 in Romania, with 670 people less compared to the previous month, and the average pension was 2,249 RON, according to the data centralized by the National Public Pension House (CNPP).The total value of the due pension rights amounted to almost 10.676 billion RON.Of the total number of pensioners, 629,317 had periods of work in agriculture, the average pension being 636 ...

Commission clears acquisition of Alpha Bank Romania by UniCredit

Monday, June 17, 2024

The European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Alpha Bank Romania S.A. of Romania by UniCredit S.p.A. of Italy.   The transaction relates primarily to various banking and financial services in Romania, such as retail and corporate banking, financial market services and other financial ...

Balance of payments and external debt – April 2024

Monday, June 17, 2024

According to the Central Bank data, in January – April 2024p, the balance-of-payments current account posted a deficit of EUR 6,576 million, compared with EUR 5,191 million in January – April 2023. The breakdown shows that the deficit on trade in goods widened by EUR 464 million, the surplus on services fell by EUR 651 million, the primary income deficit increased by EUR 791 million, while the secondary income surplus grew by EUR 521 ...

Public pension system ends previous year with deficit of over 2 billion RON

Monday, June 17, 2024

  The public pension system ended last year with a deficit of more than 2 billion RON, while revenues amounted to 109.8 billion RON and expenses to 111.9 billion RON, according to a draft law published by the Ministry of Finance.Revenues of the system for workplace accidents and occupational diseases amounted to 221.1 million RON.Thus, the total revenues of the state social insurance budget collected in 2023 amount to ...

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