Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania to buy S. Korean K-9 howitzers for...

Romania to buy S. Korean K-9 howitzers for US$920 mln

July 18, 2024

Romania has confirmed its plan to buy South Korean K-9 self-propelled howitzers for US$920 million, the defense ministry said Wednesday, in another boost for Seoul's drive to clinch more arms export deals, https://en.yna.co.kr/ reports.   Romanian Defense Minister Angel Tilvar announced the decision during talks in Romania with Seoul's defense chief Shin Won-sik, who is on a weeklong trip to Eastern Europe that will also take him to Poland, according to the ministry.   Shin thanked Tilvar for the decision and anticipated the deal -- the biggest in Romania's arms acquisition over the past seven years -- will further activate defense and arms cooperation between the two countries.   "South Korea will become the optimal partner for Romania's push to modernize its military," Shin said, adding he hopes the deal will lead to an array of cooperation, including joint manufacturing, cross training between relevant units and exchange of personnel. During their talks, Shin and Tilvar agreed to further improve their cooperation in areas of military education and training, sharing of information and exchanges, defense acquisition as well as science and technology, according to the ministry. In April, President Yoon Suk Yeol and his Romanian counterpart, Klaus Iohannis, held a summit in Seoul and agreed to boost cooperation in defense and nuclear energy.   Shin and Tilvar called military cooperation between Russia and North Korea a security threat to Asia and Europe as they concurred on the need for close cooperation and responses by the international community, the ministry said. Their meeting coincided with summit talks between North Korean leader Kim Jong-un and Russian President Vladimir Putin in Pyongyang.   Shin is set to leave for a three-day trip to Poland later Wednesday, where he will co-chair a joint ministerial committee meeting on bilateral defense and arms industry cooperation with his Polish counterpart, Wladyslaw Kosiniak-Kamysz, and visit an air base where South Korean FA-50 light combat aircraft have been deployed.   In 2022, Poland signed procurement deals worth 17 trillion won ($12.3 billion) to buy K2 tanks, K9 self-propelled howitzers, FA-50 light attack aircraft and Chunmoo multiple rocket launchers to bolster its defenses in the wake of the Russia-Ukraine war.

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/romania-to-buy-s.-korean-k-9-howitzers-for-us-920-mln/109100
Read in full - click here
Romanian Social Democrats elect new leadership, only one candidate running for party leader

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 […]

Black Friday sales processed by PayU Romania top EUR 100 mln by early afternoon

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 […]

Romanian smartphone retailer Contakt to launch IPO on Bucharest Exchange

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 draws fewer foreign tourists than in the communist era, Travel Agencies Association warns

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 launches two new ETFs on the Bucharest Stock Exchange

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 […]

Romania, Bulgaria and Republic of Moldova approve Maspex’s takeover of Purcari Wineries

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 […]