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.
The government has reportedly been sued for failing to organize the election for Bucharest mayor within the legal deadline of 90 days from the vacancy of the post, according to Antena3.ro. The authors of the complaint are not disclosed, but the reformist...
Romania's isolationist party AUR consolidated its leading position in two polls carried out by Avangarde and CURS, although the scores and the advance versus the primary challenger – the Social Democratic Party (PSD) – differ significantly between the two estimates. The isolationists' leading position, still not challenging the combined score of the four parties in […]
Romania's public debt surged by RON 21.5 billion in May alone and by RON 70.7 billion year to date, reaching RON 1.035 billion (EUR 204.1 billion) or 57.8% of GDP at the end of May, according to data published by the Finance Ministry. Romania's public debt rose by RON 70.8 billion (EUR 14 billion) […]
The giant Procter & Gamble recently started a production line in Romania, at the Urlați factory in Prahova County, according to Revistaprogresiv.ro. The company will produce Lenor scented pearls here, one of the company's latest innovations in fabric care. Four years ago, the company inaugurated...
The CFA Romania Association's Macroeconomic Confidence Indicator increased by 2.3 points in August, to a still very modest level of 37.2 points, with both components (current conditions and expectations) in the recessionary side of the 0-100 point scale. The indicator bottomed out in July after the newly formed government pushed the first package of budgetary […]
The first package of budgetary measures legislated in July will have an impact of 3% of GDP on the next year's general government's budget, bringing it down to 6% of GDP, prime minister's adviser Ionut Dumitru, Raiffeisen Bank chief economist and former Fiscal Council head, told
