Interim Minister of Economy, Energy and Business Environment Virgil Popescu discussed on Monday with the representatives of General Dynamics about the second stage of the acquisition contract of the Piranha armoured transporters by the Ministry of Defence, as well as the association between ROMARM and GD, regarding their manufacturing in Romania."The Romanian Army need these armoured transporters and according to the offset contract they need to be manufactured in Romania. A possible acquisition of UM Bucharest by General Dynamics is not excluded, but the procedure will take some time and until then we need to get organize in order to manufacture the transporters in Romania, just as it was established through the offset contract," the Minister wrote on his Facebook page.The discussion was also attended by the CEO of CN ROMARM, Tutu Gabriel, and from the Ministry of Economy, Entrepreneurship and Tourism, secretary of state Daniela Nicolescu, the director of the Defence Industry Direction, Ruxandra Anghel, and the director of the General Directorate of Managing State Participations, Manafu Adrian."I conveyed the message that I encourage investments and wish for the defence industry in our country to be a proficient one and with top products," Virgil Popescu highlighted.
Amsterdam-based DRI, the EU renewables arm of Ukrainian energy company DTEK, announced the signing of the “largest physical solar power purchase agreement (PPA) in Romania” with OMV Petrom, the leading integrated energy producer in Southeastern Europe. The agreement groups three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a […]
Art Safari, the largest exhibition event dedicated to art in Romania, has announced its first 2025 edition, scheduled to take place from March 7 to July 27. The new season offers a program featuring anniversary retrospectives of Romanian art masters Ioan Andreescu and Ion Țuculescu, the exhibition Forgotten Painters – Hidden Treasures of Romanian Art, […]
Crin Antonescu, the former leader of the Liberal Party (PNL) and interim president during Traian Băsescu's suspension in 2012, could become the joint candidate of the Social Democrats (PSD) and Liberals (PNL) in the presidential elections to be held in the spring. The only politician who has firmly announced his candidacy so far is the […]
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
