Elbit Systems of Israel and Romanian state-owned company Romarm, through its subsidiary Uzina Automecanica Moreni (UAM), concluded a cooperation agreement for the production of artillery production.
The parties will establish the Romanian Artillery Center, and the cooperation agreement includes the production of Elbit Systems’ advanced 155 mm ATMOS mobile howitzers,
Ameropa Grains, Romania’s largest grain trader with an annual turnover exceeding RON 8 billion (EUR 1.6 billion), has listed silos in Călăraşi and Constanţa for sale, including strategic facilities with access to the Black Sea. Sources cited by Ziarul Financiar indicate that Cambela Prod,...
Dulcinella Romania, a local network of confectioners and pastry shops with Bessarabian roots, plans this year to open a factory in Târgu Neamț where the production activity would be relocated, which would help it reach a turnover of EUR 10 million, up 30% compared to 2024. The plant would have a production area of 4,700 […]
Romania has won an international arbitration case brought by investors in renewable energy, avoiding EUR 256 million in claimed damages. The International Centre for Settlement of Investment Disputes (ICSID) ruled on January 16, 2025, that Romania did not violate guarantees under the Energy Charter Treaty. The Arbitral Tribunal also ordered the claimants, a group comprising 28 […]
The volume of construction works in Romania decreased by 5.0% y/y in the first 11 months of 2024, according to data published by the statistics office INS. The figure compares to a 1.5% decline expected by the government for the entire 2024, included by the state forecasting body CNP in the latest projection drafted in […]
Chinese group Haier announced it will close down its refrigerator factory in Romania, the group's largest production hub in Europe, launched in 2021 after EUR 70 million in investments that included EUR 25 million in state aid. The company officially informed the Romanian authorities of its intention to close and will begin discussions to terminate […]
Romania’s president Klaus Iohannis and prime minister Marcel Ciolacu joined the world leaders on congratulating Donald Trump on his inauguration as the 47th president of the United States. “Congratulations to president Donald Trump for the inauguration! Romania, a close Strategic Partner of the US, wishes you the best of success in this important new mandate. […]
