The French Embassy in Bucharest informs that Romania is currently collaborating with France on various armament projects, with the aim of endowing the Romanian Armed Forces with modern and efficient equipment.The diplomatic mission said in a press release sent on Wednesday that these clarifications come in the context of the recent appearance in the public space of false or out of context information regarding Romania's purchase of Mistral 3 missiles.The French Embassy informs that there are two distinct projects in the field of air defence. One is aimed at very short-range portable anti-aircraft missiles for the Romanian infantry."The French state is proposing the latest generation Mistral 3 (MBDA) missiles as part of a joint procurement for new countries, including France and Romania. Thus, all countries benefit from the same purchase conditions (favorable price, quality and performance), as does France. The price proposed for Romania is much lower than the EUR 700 million budget approved by the Bucharest Parliament for this equipment," the cited source shows.The second project targets short and very short range anti-aircraft systems installed on vehicles."A French company responded to a tender launched by the Romanian government. An offer was submitted by this company, but was eliminated by the Romanian authorities," the diplomatic mission further informs.
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 […]
