National Defence Minister Vasile Dincu said on Wednesday that he hoped the ministry's budget allotted in 2023 at least 30 percent to military endowment and underscored Romania needed acquisitions in the naval area.He had an intervention in the opening of the Black Sea Defence and Aerospace (BSDA) conference and exhibition event.Asked about the percentage that could be earmarked next year from the Defence budget to military acquisitions, the minister said: "There is a rule with NATO, it accounts for 20 percent, I hope we exceed 30 percent for endowment, as this is the thing we need the most.""At the moment, we need much more, as the strategic situation requires it, we need endowment in the naval area. Because the Black Sea has become a lake full of sharks, we not only need corvettes, we also need modern frigates, maybe even other types of arms, to ensure security at the Black Sea," Dincu showed.Dincu said the corvette acquisition could be decided in July, at the latest. "We are not postponing the acquisition, at the moment there is an extension asked by the Association [Naval Group - Constanta shipyard] to come up with a last offer. I hope we'll decided this in maximum two months," he detailed.Economy Minister Florin Spataru spoke in the BSDA opening about the prospects of the defence industry."Romania's defence industry must be both strategic and profitable for the economy. We don't want strategies on paper only. The strategy to develop the defence industry must be adapted to the new security dynamics and the new technological requirements and the new economic reference points. The development of the national security industry must take into account that the market results from the demands determined by the existing and probable military threats and the missions assumed on NATO level," Spataru said.BSDA, taking place until Friday at the ROMAERO S.A. exhibition complex in Bucharest, is aimed at identifying opportunities and finding cooperation solutions both in production and in the business area, contributing to the international promotion of Romania's defence industry.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
