Latest News from Romania
NPL reduction going well for Piraeus Bank
Piraeus Bank is on course of reducing its stock of nonperforming loans to 19.1 billion euros by the end of the year, from 23 billion in end-March, according to an interview the group's Chief Executive Officer Christos Megalou gave to Bloomberg.
The bank has already sold bad loans worth about half a billion from its subsidiaries in Serbia, Romania and Bulgaria.
Varna Headed the World Bank's Ranking as a Good City to Start a Business
Bulgaria's Black Sea coastal city of Varna headed the World Bank's ranking as a good city to start a business, according to BNT.
Italian Fighter Aircrafts Will Keep Our Airspace Safe
Three Italian fighters "Eurofighter typhoon" will guard the Bulgarian airspace along with the Bulgarian MiG-29 over the next three months. All costs are at the expense of the Italian State.
Confederation of Independent Trade Unions of Bulgaria Wants Min Wage to Amount BGN 700
During the last 17 years, 906 thousand Bulgarians in active age have left the country permanently; The situation is catastrophic, said the President of the Confederation of Independent Trade Unions of Bulgaria (CITUB) Plamen Dimitrov, according to bTV.
In his words, the crisis can only be tackled with urgent measures to increase people incomes.
Romanian Activists Slate Move to Let Criminals Hold Office
Romanian activists have called for fresh public protests on Thursday after the government issued a draft law that might allow politicians found guilty of crimes to hold public office once they have been rehabilitated.
'Swift Response 17' multi-national airborne training commences
The USA led 'Swift Response 17' airborne exercise will take place and hosts will be the countries of Bulgaria, Hungary and Romania. It will start today and will end on July 23rd. It involves up to 1,600 soldiers from the United States, Canada, Italy, Portugal and Greece.
US to approve sale of missile systems to Romania
The US Department of State has approved a potential sale of Patriot air defense systems to Romania worth USD 3.9 billion.
This was announced by the US Defense Security Cooperation Agency, Sputnik reported.
US set to approve $4 bln Patriot missile sale to Romania
The US State Department said on July 11 it is ready to approve the sale of Patriot air defense systems to Romania, a $3.9 billion deal likely to infuriate Russia.
"The State Department has made a determination approving a possible foreign military sale to Romania for Patriot air defense systems, related support and equipment," the State Department said.
US set to approve 3.9bn sale of missile systems to Romania
The US Department of State has approved a potential sale of Patriot air defense systems to Romania worth USD 3.9 billion.
This was announced by the US Defense Security Cooperation Agency, Sputnik reported.
Serbia taking part in NATO's Eastern Europe war games
NATO's large-scale military exercise, "Saber Guardian 2017," has started in Bulgaria, with participation of 25,000 soldiers from 20 countries, including Serbia.
The Beta agency reported this on Tuesday, citing a Defense Ministry announcement that said 79 Serbian soldiers would participate in the July 7-22 drills taking place in Hungary, Romania, and Bulgaria.
Jumbo annual sales increase 6.8 percent
Greek retailer Jumbo posted on Tuesday a 6.8 percent rise in sales for its fiscal year to the end of June, thanks to strong growth in Romania and Bulgaria. It said it expected sales to rise by 6 to 9 percent in the next 12 months.
Jumbo has fared well because of its low-cost products and foreign operations despite seven years of austerity in Greece.
Greece takes part in NATO “Sea breeze” exercise in Ukraine (videos)
Three NATO guided missile warships are set to exercise with Ukrainian forces in the Black Sea later this month, a U.S. Navy official told USNI News on Monday.
Serbia taking part in NATO's Eastern Europe war games
NATO's large-scale military exercise, "Saber Guardian 2017," has started in Bulgaria, with participation of 25,000 soldiers from 20 countries, including Serbia.
The Beta agency reported this on Tuesday, citing a Defense Ministry announcement that said 79 Serbian soldiers would participate in the July 7-22 drills taking place in Hungary, Romania, and Bulgaria.
Number of Deported Europeans From the United States is Expected to Grow this Year
Europeans often hid in plain sight as Latin Americans, Asians and others living illegally in America were sent packing, reported bTV.
But now they're starting to realize they are not immune to President Donald Trump's crackdown on illegal immigration, and they're worried.
35 Dead Dolphin Bodies Found on the Black Sea Coast
There are already over 35 dead dolphin bodies that are thrown out on the Black Sea coast and their number continues to rise every day, according to bTV.
This was stated by Atanas Rusev of the Association "Let's Keep Coral". According to him, this happens all along the Black Sea and depends on the direction of winds and sea currents.