The Beretta project could start operations at the Cugir Mechanical Plant (UM Cugir) at the end of August, on Friday said the Minister of Economy, Entrepreneurship and Tourism, Stefan Radu Oprea, on a visit to the two armament plants in Cugir.In December 2023, the Executive approved the extension by 1 year and 6 months of the Compensation Agreements concluded between the Compensation Office for Special Technical Acquisitions and ROMARM S.A. National Company, respectively of the transfers of technologies and licenses operated by the Beretta weapons factory in the industrial infrastructure of UM Cugir, until June 29, 2025.According to a statement issued by the Government at the time, according to the Compensation Agreements concluded between the Compensation Office for Special Equipment Acquisitions and C.N. ROMARM S.A., as the contractor, and as a result of the analysis carried out, it was found to be technically and operationally impossible to deliver technology and license transfers by the initially set deadline of December 29, 2023.With a tradition of over 200 years, UM Cugir currently manufactures weapons of various calibers (12.7 mm, 14.5 mm, 5.56 mm), automatic and semi-automatic pistols of 9 mm caliber.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
