Loss in competitiveness compared to Hungary and Poland: Real effective exchange rate – a critical indicator for Romania
Romania has improved its competitiveness compared to the Czech Republic and Bulgaria at the regional level in recent years but lost ground compared to Croatia,… Mai mult›
Gas extraction from Black Sea will become unprofitable if investment starts after 2022 – ANRM estimate
If delayed long after 2022, the investment in natural gas exploitation in the Romanian commercial area of the Black Sea could become unprofitable. Also, not… Mai mult›
A decade of change in Romanian economy structure: Trade, public sector salaries and IT replace the loss of industry and agriculture contribution to GVA
The structure of Romania’s economy has a number of peculiarities compared to the European average in terms of the contribution brought by major sectors to… Mai mult›
The National Institute of Statistics confirmed the signal result of the economic growth for 2020 at the level of -3.9%, in the first preliminary version… Mai mult›
Romgaz (SNG) will submit an offer to take over ExxonMobil’s participation in the concession for the exploitation of natural gas from Neptun Deep perimeter in… Mai mult›
A new US-Romania agreement in military field – a 10-year plan to strengthen defence in Black Sea area
de Razvan Diaconu , 11.10.2020
At the end of the meeting, Minister Nicolae Ciuca said: “The United States is our strongest ally. Romania’s recent national defence strategy for 2020-2024 highlights both the importance and priority of working together to ensure the US’s strategic flexibility in the Black Sea area.”
The USA’s commitment to NATO and Article 5 is “strengthened, and America is side by side with Romania while we promote peace, democracy, freedom and our other shared values,” Pentagon’s chief said.
Romania is investing in the modernization of Mihail Kogalniceanu airbase, which is located near the Black Sea, said Nicolae Ciuca.
“Being on the edge of A2 / AD (anti-access/area denial) in the Black Sea region, 2% of Romania’s GDP for the defence budget is not a number, but a statement of a responsible ally. The acquisition of modern and relevant capabilities is permanent proof of how seriously Romania understands its security and defence role in the region,” said the Romanian Minister of Defence.
“In this timely measure, Romania will maintain and further increase that as a predictable, stable and credible pillar of security, being the beacon of democracy in the region. Romania and the USA unlock the potential of the Black Sea. For such an emerging partnership for the present and especially our future, a shared cooperation roadmap becomes both necessary and efficient. That is why we have designed, together, a clear set of guidelines based on strategic priorities in our bilateral defence cooperation. We are ready to further expand our cooperation and add more substance in areas such as planning and pre-positioning, military, cybernetics, ground, air upgrading and military operation, training and exercises,” said Minister Ciuca.