The minister of defence, Ionut Mosteanu stated on Monday that the members of the defence committees in the parliament offered unanimous opinion in favour of the purchase of a light corvette by the government from Türkiye.‘There was a meeting of the reunited defence commissions in the Senate and the Deputies’ chamber to obtain approval for the purchase of a light corvette which we are going to acquire from Turkiye. It is a procedure started last year through which the Romanian Army will buy a light corvette which is ready, it is produced in Turkiye, it is a purchase, government to government, a corvette from the Turkish army surplus, with modern equipment, NATO interoperability, corvette which the Romanian Army needs. (…) In the end of the discussion with the members of the commissions we got a unanimous opinion for the acquisition’ Mosteanu said in the Parliament Palace.He added that the Black Sea must remain a sea of peace, and this will happen ‘ only if we show we are well equipped and continue the joint missions which we have with the NATO allies’.'The value of this corvette, the price is documented by colleagues in the Ministry of Defense, 223 million euros excluding VAT. On top of this price, there will come the costs for equipment, missiles and other additional equipment; the corvette will be armed in addition to the standard equipment it has,' the Defense Minister said.
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 […]
