The Romanian state, together with the German company Rheinmetall, the largest European weapons producer, will build a powder factory for ammunition worth 535 million euros in our country, the Ministry of Economy, Digitalization, Entrepreneurship and Tourism (MEDAT) announced on Wednesday in a press release."Today, in Germany, as a representative of the Romanian Government, Minister Radu Miru?? finalized the contractual framework for the realization, in Victoria (Brasov County), of a strategic investment: a powder factory for ammunition, built from scratch, which has the chance to be the most efficient in the world", the cited source shows.The signing ceremony took place in the presence of Rheinmetall CEO Armin Papperger and high-ranking officials: NATO Secretary General Mark Rutte, German Defense Minister Boris Pistorius, German Vice Chancellor Lars Klingbeil, Bulgarian President Rumen Radem.MEDAT specifies that "several intense weeks of discussions and negotiations, of serious work, with respect for partners, but with the firmness to defend Romania's interests" took place."When I took office, I found a contract with commercial provisions considered 'nailed in'. I could not accept less advantageous conditions than we have today for Romania. Today, we demonstrated that, if you negotiate correctly and firmly, even what others said was impossible can be changed," declared Economy Minister Radu Miruta, quoted in the press release.According to the minister, by reopening the discussions and invoking symmetrical commercial principles, Romania obtained: veto rights over major decisions; mandatory involvement of Romanian suppliers in the project; fair license costs; clearly quantified participation for the Romanian state.Compared to the contractual form taken over by the current minister, the negotiations led to savings for the Romanian state of over 93 million euros."This result was possible with the support of the Presidential Administration and the Prime Minister, but also thanks to a team of trained professionals, the Minister's advisor on development issues, Remus Cotut, who has earned the respect of his German partners," the statement added.Construction of the ammunition powder factory will begin next year, will last three years and will create 700 direct jobs in the area.Thus, Romania ensures the raw materials necessary for the arms industry and a role as a relevant regional player in the field."This is the reason why I insist that professionals be at the helm of state-owned companies: so that strategic investments like this have the right framework and people. I will not give in. And I will not give in when it comes to Romania's interests," Minister Radu Miruta also said.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
