The joint standing bureaus of the Parliament took note, on Monday, of the request of the Ministry of National Defence for the initiation, through the General Directorate for Armaments, of the procedure for the purchase of 200 PAC-2 GEM-T missiles for Patriot surface-to-air missile systems."In the context of the security crisis in the region, for the operationalisation and strengthening of the ground-based air defence capability related to the essential endowment programme 'High-range surface-to-air missile system (HSAM)'/PATRIOT provided for by Law no. 222/2017, in addition to the number of missiles related to the two stages of the PATRIOT programme, it is necessary to partially supplement the combat stocks with 200 PAC-2 GEM-T missiles, which will be purchased through the NATO Support and Procurement Agency/NSPA), using the ESSI initiative (European SKy Shield Initiative) led by Germany," reads the MApN request addressed to the leadership of the Parliament.According to this document, the purchase will be made by NSPA by awarding a contract to the COMLOG/Germany Company, for the manufacture of missiles, and through an FMS (Foreign Military Sales) type LOA (Letter of Offer and Acceptance) agreement with the US Government, for the approval of the missiles manufactured in Europe."According to what was communicated by the NSPA representatives, the maximum unit price is around EUR 5,444,750, without VAT, and the estimated total cost for the entire missile package is EUR 1,088,950,000 without VAT (includes spare parts, related services and FMS costs) and will be precisely established after the initiation of the procedures for awarding the purchase contract. The initial advance, of approximately 35% of the estimated total value of the entire package must be paid in 2023 or the first quarter of 2024," shows the document sent to the specialized committees, which will later be submitted to the approval of the plenum of the Parliament.The increase of the MApN budget, starting in 2023, to 2.5% of GDP, ensured the conditions for the initiation of purchases strictly necessary for the acceleration of the modernisation of the Romanian Army, it is mentioned in the request.
Bogdan Mircea Petre, one of the lawyers who represented far-right politician Călin Georgescu, is allegedly involved in a case of sexual assault after he was caught in the act during a meeting with a minor, according to Digi24. The “sting operation” was organized by Alex Costandachi, known in the public space as Justițiarul...
Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]
Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu. According to investigators cited by […]
The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive. June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]
After a 2024 marked by adaptation and consolidation, Romanian eCommerce entered 2025 with a more restrained dynamic. According to MerchantPro Compass, the biannual analysis conducted by MerchantPro, a SaaS eCommerce platform supporting over 2,000 active online stores—the first half of this year confirms a paradigm shift: it’s no longer about how much you sell, but […]
The TIFF Unlimited Caravan is hitting the road for the 16th consecutive year, bringing a diverse selection of Romanian and international films to audiences across the country. From July to September 2025, the traveling film series will stop in ten towns and cities, offering outdoor and indoor screenings of comedies, love stories, and family-friendly films. […]
