The executive approved, on Thursday, through a draft law, the ratification of the intergovernmental agreement between Romania and the Kingdom of Morocco regarding cooperation in the military and technical field, signed in Rabat on February 27, 2024.According to a press release from the Government, the agreement aims to promote cooperation in the field of defense between Romania and the Kingdom of Morocco, in areas such as the defense industry, technical support, maintenance and modernization of the supplied products, military education and training, logistical support, cyber security, military medicine, legislation and military history.The document is in accordance with the Romanian legislation and with the obligations and commitments assumed by other international documents, the press release points out."The Kingdom of Morocco is a solid partner of the European Union in the southern vicinity of the Mediterranean Sea, being a factor of stability in North Africa, with an important role in the Arab world, in the context in which it actively campaigns for the peaceful resolution of international crises, for the promotion of tolerance, the prevention of violent extremism, fight against illegal migration and terrorism," the press release mentions.
Romanian agricultural company Agroserv Măriuța, owner of the Lăptăria cu Caimac brand, announced the launch of a private placement for a new corporate bond issue with a value of up to EUR 3 million on Tuesday, October 28. Denominated in euros, the bonds will have a nominal value of EUR 100 each, a fixed annual […]
Studium Green, a company from Cluj-Napoca specialized in real estate development, has completed the sale of several plots of land in Jilava, near Bucharest, to the Altex group and the furniture and home décor retailer mömax, part of the Austrian company XXXLutz. The total value of the transactions exceeds EUR 17 million. The lands will be […]
Cluj-based deep-tech startup .lumen, known for its AI-powered glasses for the visually impaired, has joined the EUR 7.8 million program VR Health Champions as a flagship SME. Through the VR Health Champions project, .lumen will co-develop its second-generation product, a smaller, more refined version designed for global markets, the company said. The collaboration will enable […]
DAAS Epta Romania, part of the Epta Group, has opened a new training center in Ploiești dedicated to refrigeration technicians, following an investment of more than EUR 500,000. The facility, located at the company’s headquarters, is the first of its kind established by a private company in Romania’s refrigeration industry, the company said. The DAAS […]
Greenvolt Next, part of the Greenvolt Group, said that it completed a new photovoltaic power plant integrated with a high-performance energy storage system for Abund Berry, a company in the wild berry processing industry, in Buftea, Ilfov county. The PV system, with an installed peak capacity of 512 kWp, is equipped with an advanced battery […]
Five Romanians, four men and one woman, have been sentenced to prison for raping and sexually abusing ten women, whom they drugged and sexually exploited in the city of Dundee, Scotland. The five Romanian citizens received sentences ranging between eight and twenty years in prison. The group, led by 38-year-old Marian Cumpănășoiu, drugged and abused […]
