Minister of National Defense Mihai Fifor said on Friday that Romania has accomplished the goals set for this year as regards the endowment of the Army. “No farther than last week, the Ministry of National Defense has paid for another three ‘PATRIOT’ long-range missile defense systems, which is exactly according to plan. In February this year we paid for the first HIMARS system. The bidding process for the four multi-purpose corvettes that will be built in a Romanian shipyard is in full swing and we hope that in two weeks at the most we will know the outcome of the procedure. We are also in full process of negotiation with the Craiova aircraft factory for the upgrade of the Hawk IAR-99 airplane, and we hope to close the procedure this year. The procurement of the multi-purpose wheeled vehicles, specifically for the trucks for the Romanian Army is also underway,” DefMin Mihai Fifor said. He also mentioned that the first two PIRANHA 5 8×8 armored carriers have left the facility of Swiss manufacturer Mowag, heading for the Bucharest Mechanical Plant; the two are the first of a fleet of 36 carriers that will endow the Romanian Army under the first major Armed Forces equipment program carried out with the allocation of 2 percent of GDP for Defense. “We can say that this year, the government has shown that Romania is a good and trustworthy partner for the North Atlantic Alliance, but also within the strategic partnership with the US. Let me remind you that this is the second consecutive year where the Romanian Government allocates 2 percent of the GDP for Defense. Premier Viorica Dancila has made it perfectly clear that this allocation will continue in the following years. As a matter of fact, the 2019 budget draft for the Ministry of National Defense is ready, the budget allocation is equally 2 percent, with major to-dos to accomplish next year,” said Minister Mihai Fifor. “Drawing the line, we can say yes, Romania has once again shown that it is a credible partner to the North Atlantic Alliance and also for the strategic partnership with the US,” the Minister of National Defense concluded.
Arctic, a Romanian brand with a tradition of over 50 years, once again confirms the appreciation it enjoys among consumers, consolidating its position as a trustworthy brand with accessible, durable products tailored to the real needs of Romanian families. According to the independent study conducted by the international certification company ICERTIAS, Switzerland, Romanians believe that […]
The second stage of the Grand Chess Tour 2025, known locally as Superbet Chess Classic Romania, kicked off on Tuesday, May 6. Marking the 10th anniversary of the Grand Chess Tour, this year’s edition brings together legendary players and key cultural and sporting figures, all in the presence of GCT founder Garry Kasparov, who was […]
As fintech reshapes global markets, UNCHAIN Fintech Festival (June 17-18th in Oradea) challenges the Central and Eastern European business landscape to reflect on a new mindset where financial innovation is deeply intertwined with every industry that shapes our economies, unlocking new opportunities for companies and customers. “The future of finance is no longer siloed. As […]
The latest study conducted by Reveal Marketing Research shows that 55% of urban Romanians know that Europe Day is celebrated on May 9, while 35% admit they do not know the exact date. Moreover, slightly over a third know its significance. The demographic breakdown reveals that men (59%) are better informed compared to women (50%) […]
The 24th edition of the Transilvania International Film Festival (TIFF) will open with a screening of Brendan Canty’s Christy, a coming-of-age story about resilience and the power to start over, recently awarded at the Berlinale. The screening will take place on the grand outdoor screen in Cluj-Napoca’s Unirii Square on June 13 as part of […]
Agriculture continues to be a key sector for both the Romanian and European Union economies despite a constantly decreasing contribution to GDP and an increasingly low profitability, according to the Romanian AgriFood Startups Overview Report 2024, released by Impact Hub Bucharest in partnership with Startarium. The agricultural sector's contribution to Romania's GDP was 3.9% in […]
