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.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
