Category: Uncategorized
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Bucharest Nine summit: Leaders back ‘NATO 3.0’ strategy in joint statement, call Russia the alliance’s main long-term threat
NATO’s Eastern Flank and Nordic allies endorsed on Wednesday, May 13, a new “NATO 3.0” strategy focused on higher defence spending, stronger European military capabilities, and a reinforced transatlantic alliance. Meeting in Bucharest, the leaders also described Russia as “the most significant, long-term and direct threat” to Allied security. The joint declaration was adopted during…
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Penny Romania reports 12% turnover growth in 2025, eyes network of 1,000 stores by 2035
Discounter Penny, part of the German group Rewe, reported a RON 10.6 billion (approximately EUR 2 billion) turnover in Romania in 2025, up 12% compared to 2024. It is the 11th consecutive year with the highest growth among the food retail entities of Rewe, company representatives have said. The increase comes in the context of…
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Cushman & Wakefield Echinox: Low supply across Romania’s retail market in Q1, strong pipeline for rest of 2026
Romania’s retail market went through a contrasting first quarter in 2026 amid macroeconomic troubles, but the high street and medium-term development remain robust, according to the Romanian Retail Marketbeat Q1 2026 report published by commercial real estate services firm Cushman & Wakefield Echinox. Inflation reached 9.9% in Romania at the beginning of 2026, the highest rate…
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Hagag Energy appoints Adrian Romanescu to lead natural gas distribution operations in Romania
Hagag Energy said it is accelerating the expansion of its natural gas division in Romania through a new senior management appointment. The company has named Adrian Romanescu as Distribution Director of its Natural Gas Division as it continues investing in energy infrastructure projects across the country. The company, which is the energy investment platform of…
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Romanian president advocates for increased defense spending during B9 Summit
Romanian president Nicușor Dan said NATO states must increase defense spending during the opening statements given at the Bucharest Nine (B9) Summit, which took place on Wednesday, May 13, in the Romanian capital. The B9 is an alliance of the nine NATO countries located in Eastern Europe, the countries geographically closest to Russia, from the…
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Romania’s Dino Parc Râșnov expands with officially certified Forest Museum
Dino Parc Râșnov, the largest dinosaur park in Southeast Europe, has received official approval from Romania’s Culture Ministry for its new Forest Museum, a natural history collection featuring more than 1,300 exhibits. The recognition was granted by the National Commission for Museums and Collections following a scientific evaluation process. The new museum status confirms the…
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Romanian-Spanish drone maker Orbotix inaugurates factory near Brașov
Romanian-Spanish defense technology company Orbotix Industries announced on Tuesday, May 12, that it has inaugurated a new drone production factory in Ghimbav, Brașov County. The new production unit is expected to reach a capacity of up to 800 drones per month, as operations mature and gradually expand over time. Moreover, according to the information communicated,…
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Survey: Emmanuel Macron, Maia Sandu and Donald Trump top Romanians’ trust ranking of world leaders
French president Emmanuel Macron leads the ranking of international leaders trusted by Romanians, according to a new INSCOP Research survey conducted for the Informat.ro platform. Moldovan president Maia Sandu and US leader Donald Trump follow in second and third place. The poll was conducted between April 14 and April 21 on a sample of 1,100…
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STRABAG to build and move headquarters to SPEEDWELL’s QUEENS District in Bucharest
STRABAG will become both the general contractor and the first anchor tenant of QUEENS District, a large mixed-use project developed by SPEEDWELL in Bucharest’s Floreasca-Barbu Văcărescu business area. The construction company will also relocate its Bucharest headquarters to the project under a long-term lease agreement. The two companies announced the signing of the construction contract…
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Politico: Romania, other Eastern European states willing to host US troops in case of withdrawal from Germany
Romania, Poland, and the Baltic states are eagerly making the case for receiving more American troops after Donald Trump and other US officials talked about a possible troop withdrawal from Germany, according to Politico US. Last month, the fiery US president said he would pull 5,000 or more soldiers from Germany, a traditional host of…