Premier Nicolae Ciuca has met, on Monday, at Victoria Palace with the vice president for international affairs of the company Lockheed Martin, Raymond Pisseli, informs the government.During the meeting, opportunities for the consolidation of the economic part of the Strategic Partnership with the US have been discussed, Lockheed Martin’s initiatives in the domain of industrial and research-development cooperation being presented, together with the Romanian companies and institutions. The prime minister stressed the importance of US support from the perspective of access to high-performance defense technology, such as multi-role aircraft, Himars, Patriot systems or Black Sea anti-missile batteries According to the quoted source, the ministry of national defence and the ministry of economy work together so that the Romanian defence industry have the capacity to manage the cooperation with Trans-Atlantic partners. In this sense, the increase of the defence budget at 2.5 % of GDP, starting with next year, will offer new financing opportunities to the respective industry. The Lockheed Martin company has been present for 25 years in Romania being involved in several projects which have a significant impact in different domains. In the present geo-political context, generated by the strategic relevance of the Black Sea and the need to strengthen resilience, including from the economic perspective, the development projects aim at a long term duration, with integrated approach of the multiple platforms where there is collaboration at present moment.
ARTEX AG, a Liechtenstein-based company and sole shareholder of ARTEX MTF, a Lichtenstein-based regulated multilateral trading venue, has appointed Claudio Cisullo, Founder and Executive Chairman of the Swiss-based family office CC Trust Group AG, as non-executive Director, effective April 3rd, 2024. ARTEX AG was co-founded by H.S.H. Prince Wenceslas von Liechtenstein and Yassir Benjelloun-Touimi in […]
Prince Paul Phillippe of Romania, one of the country's notorious fugitives, was captured in Malta at a resort where he was on vacation. Paul of Romania has been on the run for nearly four years from the country, where he was sentenced to 3 years and 4 months in prison in the case regarding the […]
Hobița, the village of famous Romanian sculptor Constantin Brâncuși, is at the center of a new temporary exhibition at Art Safari in Bucharest, which opens on Wednesday, May 1, and will be on display until May 19. Art Safari also offers a family program during the Labor Day & Orthodox Easter mini-holiday, open daily from 12:00 […]
The first section of the Transapuseana, a road that crosses Romania's Apuseni Mountains, was recently inaugurated. The section consists of 43 kilometers of county road. The road (DJ 107I), initially known as the 'Transalpina of the Apuseni,' was later renamed Transapuseana. It is the largest investment on a county road in Romania, with a total […]
According to a report from Romania’s National Institute of Statistics, during the period 2020-2022, the proportion of Romanian companies that introduced new or improved products or business processes into the market was 8.8%, a decrease of 1.9% compared to 2018-2020. Business innovation refers to the wide range of activities that enterprises...
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
