The maintenance capacity for Black Hawk helicopters is to be built at Romaero with Lockheed Martin and Aerostar, Economy Minister Florin Spataru said on Wednesday after the signing ceremony of the letter of intent with Lockheed Martin."It is a maintenance capability for these Black Hawk helicopters that the Ministry of the Interior has purchased. Our intention and that of Lockheed Martin is to develop this capability both for use in Romania and for the regional projects they have. This capability will be built at Romaero in collaboration with another Romanian company, Aerostar, and tomorrow we will start discussing what assessment we have to make, what are the necessary investments, how we materialize this partnership, through a formal association and after that we start working... Lockheed Martin will come with a technology transfer and train the staff. The investment will be made by both Romaero and Aerostar, and we asked Lockheed Martin to join the association as well. with a percentage," said Spataru.Asked how Lockheed Martin will participate, he said it could be in the form of equipment or know-how.Asked when the helicopters would arrive in the country, he mentioned that the first one would arrive early next year.The economy minister and the two vice-presidents of Lockheed Martin, Ray Piselli and Dennis Goege, signed on Wednesday the letter of intent by which the American company expresses its readiness to conclude partnerships with the Romanian state for investments in the Romanian aeronautical industry, according to an Economy Ministry's release.
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
With five days remaining until the second round of Romania's presidential elections on Sunday, May 18, the race between far-right leader George Simion and independent candidate Nicușor Dan is extremely close, according to an AtlasIntel opinion poll conducted for
At most schools, the bell signals the end of the learning day. At the British School of Bucharest (BSB), it’s just the beginning of something entirely different. On any given afternoon, the campus comes alive with a quiet sort of magic - students experimenting with food and flavor in a professional-grade kitchen, building miniature robots […]
Heberger Romania proudly presents the Combo Apartment at Pipera Eins, an exclusive boutique residential project designed for modern, eco-conscious living. Nestled in one of Bucharest’s most prestigious neighborhoods, Pipera Eins offers German-quality craftsmanship, sustainable design, and state-of-the-art amenities, setting a new standard in urban living. The Combo Apartment – A Unique Residential Offering The Combo […]
George Simion, the presidential candidate of the far-right party AUR, is facing criticism after publishing a video in which he is aggressive with journalists and accuses them of political bias. The footage, which the journalists say was filmed without their knowledge, was released on Facebook just as Simion skipped a televised debate hosted by Digi24 […]
Garanti BBVA Romania has signed a financing agreement with the European Bank for Reconstruction and Development (EBRD) worth of EUR 50 mln, aimed at strengthening the bank’s capital base and expanding its lending capacity in the Romanian economy, with a focus on supporting investments in the green economy. Garanti BBVA Romania will allocate an amount […]
