RRI Live!

Listen to Radio Romania International Live

Loan for modernizing the Army

Romania signed a loan agreement with the United States of almost 1 billion dollars for the modernization of the Army.

Eurofighter Typhoon aircraft of the British Royal Forces at the Mihail Kogălniceanu base / (Photo: fb.com / Forțele Aeriene Române)
Eurofighter Typhoon aircraft of the British Royal Forces at the Mihail Kogălniceanu base / (Photo: fb.com / Forțele Aeriene Române)

, 26.09.2024, 13:50

Romania signed a loan agreement with the United States for the modernization of the Army. The signing ceremony took place on Wednesday at the Government headquarters, in the presence of the Prime Minister Marcel Ciolacu and the US ambassador to Bucharest, Kathleen Kavalec, as well as the director of the Defense Security Cooperation Agency, Michael Miller. 920 million dollars will allow both the strengthening of the defense capacity, by equipping the army with modern technology, and the development of the relevant national industry, said Prime Minister Ciolacu, underlining that this significant loan shows, at the same time, the trust and the status that Romania enjoys in the relationship with its strategic partner, the United States.

 

Marcel Ciolacu: ʺToday Romania joins a very small group of key partner states of the United States that have so far benefited from this program developed through the US Fund for financing and I am glad that we will use this money both to strengthen Romania’s defense capacity by equipping it with modern technology, and to develop the local defense industry. We will develop new production capacities in Romania, we will create jobs for Romanians and we will become relevant again in terms of the production of military equipment at the regional level. At the same time, we will have access to state-of-the-art military equipment, which will help us work together with the United States and our NATO allies to strengthen collective defense and deter threats to Romania and the countries on the Eastern flank of the Alliance.ʺ

 

In turn, Ambassador Kathleen Kavalec believes that the signed agreement is more than a financial one, it represents the strength and resilience of the bilateral partnership, as well as the joint commitment of the United States and Romania to ensuring peace, stability and security in the region. According to Mrs. Kavalec, in the 20 years of NATO membership, Romania has demonstrated countless times that it is a reliable ally and a pillar of stability along the eastern flank of the Alliance and in the Black Sea region. By offering American funds, Washington’s goal is to ensure that Romania remains at the forefront of innovation and military equipment for many years to come, which will equally strengthen bilateral economic relations, Kathleen Kavalec added. She also mentioned, in the context of Russia’s aggression against Ukraine, Romania’s exemplary response, from hosting thousands of Ukrainian refugees to facilitating grain transit and training the Ukrainian pilots on F-16s. (LS)

indicele de Percepţie a Corupţiei 2024 realizat de Transparency International
Newsflash Wednesday, 12 February 2025

Corruption Perceptions Index 2024

Romania continues to be among the EU countries with the worst results in combating corruption, according to Transparency International.  ...

Corruption Perceptions Index 2024
Photo: geralt / pixabay.com
Today in the News Wednesday, 12 February 2025

Joint Statement on Artificial Intelligence

Representatives of 58 countries from all continents convened in Paris on Tuesday to endorse a joint statement for “artificial intelligence that is...

Joint Statement on Artificial Intelligence
Foto: presidency.ro
Today in the News Tuesday, 11 February 2025

Reactions to the resignation of President Klaus Iohannis

The political class in Bucharest reacted to the first resignation in the history of Romanian presidents.     Klaus Iohannis announced his...

Reactions to the resignation of President Klaus Iohannis
Photo: Septimiu Balica / pixabay.com
Today in the News Tuesday, 11 February 2025

Budget for 2025, promulgated

  The outgoing president Klaus Iohannis signed the decrees promulgating the 2025 state budget and social security budget laws. The two bills had...

Budget for 2025, promulgated
Today in the News Monday, 10 February 2025

The Conclusions of the IMF and World Bank missions

The delegations of the International Monetary Fund and the World Bank have concluded their talks in Bucharest with the representatives of the main...

The Conclusions of the IMF and World Bank missions
Today in the News Monday, 10 February 2025

Irregularities regarding the exhibition in Assen

The Dutch police are trying to track down the Romanian treasury artifacts stolen on January 25 from the Drents Museum in Assen. The three suspects...

Irregularities regarding the exhibition in Assen
Today in the News Friday, 07 February 2025

Significant GDP growth in Romania

Romania surpassed Poland in terms of GDP per capita adjusted for purchasing power parity, according to data presented by Ionuţ Dumitru, professor at...

Significant GDP growth in Romania
Today in the News Friday, 07 February 2025

Outpatient centres for respiratory infections

  Romania has declared a state of epidemiological alert due to the large number of respiratory infections. In recent weeks, cases of flu, viral...

Outpatient centres for respiratory infections

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company