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The cost was the near elimination of these deposits by the end of 1990 (fiscal surplus for 1990 amounted to less than 2% of GDP). [18] Thus, Romania jumped from not even being in the top 10 countries with the smallest public debt (as percentage of GDP) in 1989 to being the world leader in 1990.
The Romanian Air Force has retired the last of its MiG-21 LanceR on 15 May 2023. The aircraft are stored at the 95th Air Base . According to Jane's World Air Forces , there were 17 single-seat LanceR C and 8 twin-seat LanceR B in service at the time of retirement.
A Romanian-made IAR-93 attack aircraft flew its first flight on 31 October 1974 over Bacău, [33] marking the first jet fighter in the Eastern Bloc to be domestically manufactured. The Mikoyan MiG-29 aircraft entered the inventory of the Air Force just a few days before the Romanian Revolution of December 1989.
The entire medium- and long-term external debt was repaid. The lingering amount, totalling less than $500 million, consisted of short-term credits (mainly short-term export credits granted by Romania). A 1989 decree legally prohibited Romanian entities from contracting external debt. [11]
The Interceptor armor also has a PALS webbing grid on the front of the vest which accommodate the same type of pockets used in the modular lightweight load-carrying equipment backpack/carry vest system. This allows a soldier to tailor-fit his MOLLE and body armor system.
In March 1994, the Romanian General Staff initiated the modernization program of the TR-85 tanks by order no. 1429. On 14 April 1994, the upgrade program was approved by the Supreme Council of National Defense and development of the new tank, officially designated TR-85M1 Bizonul ( The Bison ), began in 1996 when two prototypes were built. [ 9 ]
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