Romania

One out of three companies in Romania will be exposed to insolvency risks if the government replaces the 16% flat tax on profit with a tax on turnover, showed a study by Iancu Guda, president of the Romanian Association of banking analysts. (Mediafax)

The unemployment rate in Romania stood at 5.5% in the first quarter of 2017, the same as in the fourth quarter of 2016, the country’s statistics board said. The jobless rate stood at 6.3% among men and at 4.4% women. By areas of residence, the jobless rate was 6.4% in …

The Governments of Bulgaria and Romania aim to modernize Danube ports, to ensure conditions for navigation and development for river transport and to build new road bridges, said Romanian President Klaus Iohannis at the Romania – Bulgaria Business Forum, an event he attended together with his Bulgarian counterpart Rumen Radev. …

President Klaus Iohannis will participate on Thursday at the “Three Seas Initiative” Summit (the Baltic -the Adriatic – the Black Sea) to be held in Warsaw where the President of the United States of America, Donald Trump will also be present, as special guest. (Agerpres)

NATO member countries in Eastern Europe hosted four multinational battalions of the Alliance. Jens Stoltenberg, NATO Secretary General, said during the Allied forces meeting in Latvia. Approximately 4,000 soldiers are stationed in Poland and the Baltic States. Germany is in charge of the battalion in Lithuania, the United States manages …

NATO warships have entered the Black Sea ahead of military exercises this weekend. The training aims at reaffirming the US-led alliance’s commitment to defending the member states, in the wake of Russia’s apparent military aggression in eastern Ukraine.

NATO’s Black Sea members Bulgaria, Romania and Turkey joined four other alliance states in a multinational naval exercise on March 10 just across the water from the Crimean Peninsula annexed by Russia last year. The naval rapid reaction force in the Black Sea drills consists of a United States flagship, the guided missile cruiser  USS Vicksburg, …

A NATO flotilla arrived in the Black Sea on Wednesday to train with ships from the Bulgarian, Romanian and Turkish navies, the U.S.-led Western alliance said. Tensions in the Black Sea region are running high because of the separatist conflict in eastern Ukraine and Russia’s annexation of the country’s Crimea …

The U.S. military is due to send troops to Romania and Bulgaria during the summer as part of an operation to counter Russian hostility in Europe, but U.S. officials now say the operation may beexpanded to include Hungary, the Czech Republic and Georgia. Operation Atlantic Resolve, which already has U.S. troops …

NATO was set Thursday to agree a major boost to its defences in eastern Europe including six bases and a spearhead force of 5,000 troops in response to what it called Russian aggression in Ukraine. Secretary General Jens Stoltenberg insisted that the moves likely to be approved by defence ministers …