The Minister of National Defence Vasile Dincu declared on Tuesday that our country will manufacture drones and mini-subs in the next two or three years.Asked, in Parliament, if it is possible in our country to open new units of arms manufacturing, Dincu said: "Certainly. We will have at least subassemblies, we will manufacture drones in Romania, we will have a production of mini-subs, we will have productions tied to arms and in the armored area as well. (...) In the coming years, two or three years, we will already have productions and we could even have them sooner. There are elements that have already begun, elements of joint-ventures made with important countries, such as Germany, Italy, the United States, Israel. (...) We already have maintenance units, such as the one in Bacau, maintenance for F16 aircraft, the national maintenance center, we hope that we will be able to accredit as many national centers for maintenance of armored vehicles as we can".He added that Parliament will most likely approve next year to increase GDP spending for defence and that there is already an acquisition list in the plan within the strategic document of Romania's Army 2040."This means that we have a reporting and procurement threshold in 2026, one in 2032 and one in 2040. Obviously if we will have extra money we will first increase the percentage from this budget for procurement. It is the main aspect and certainly here we will bring projects that should have begun, for example, in 2027 or 2030, we will bring them closer, if we will manage. It is important to know what sums we will have, as well as the potency that it has and will have in the future, especially our defence industry, because at this point the most important thing would be to not buy everything from abroad, but rather to produce as much as we can in Romania," Dincu mentioned.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
