Israel Aerospace Industries (IAI) has signed a cooperation agreement with the IAR-Brasov company for the production of unmanned aircraft (UAV), according to a press release sent by the Israeli company on last Thursday.According to the quoted source, the cooperation agreement will allow the two companies to offer advanced UAV solutions in Romania, based on the Tactical Heron platform from IAI. Based on the agreement, the UAV systems will be manufactured in central Brasov, Romania. Furthermore, IAI will establish an academy in Romania for training operators and technicians for the UAV systems."The cooperation agreement is based on the IAI's vast experience, as well as IAR-Brasov in design, manufacturing, assembly and testing activities, in order to develop the most advanced model of UAV Tactical Heron. Following an exchange of knowledge, the designing, the component manufacturing and integration, their assembly and maintenance, will be all made in Romania," the press release reads.Furthermore, since the construction and component assembly, up to the personnel training, retro-fitting and aircraft maintenance, Romanian experts and engineers will lead the development process of UAVs.I am delighted to assist to signing the agreement with IAR-Brasov, one of the leader companies in Romania. We are witnessing a growing global tendency of "Make In", where countries prefer to manufacture themselves instead of importing. IAI is aligning to this policy and collaborates with local companies from all over the world, in this case Romania, an important country towards which IAI will keep supplying the best UAV systems in the world, said Moshe Levy, the executive deputy chairman and CEO of the IAI military aircraft division.The CEO of IAR-Brasov, Laurian Anastasof, highlighted that signing this cooperation agreement between IAR-Brasov and IAI represents an important recognition of the company's value and expertise."Our specialists have recently visited the IAI factory in Malat and we are confident that the agreement between IAR and IAI will generate value for both parties. Producing UAVs at IAR Brasov, such as the Tactical Heron, which incorporates the newest global technologies, will be a major plus to our company's business and to the image and reputation of the Romanian defence industry in general," he pointed out.
AQUILA (BVB: AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, reported an 11% increase in revenues in the first quarter of 2024 compared to the same period last year, to RON 624 million (EUR 125 mln). However, the company’s net […]
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business that will bring new perspectives to the medical industry in Romania. The two entrepreneurs have set up Global Med Care, a project that promises to redefine standards in the Romanian medical field. Focusing […]
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
