NATO’s Support and Procurement Agency will support a coalition of Allies, including Germany, the Netherlands, Romania and Spain to procure up to 1,000 Patriot missiles to strengthen their air defences amid Russia’s war against Ukraine, https://www.nato.int/ informs. The contract will expand the European production of the missiles, enhancing supply and ensuring the replenishment of Allied stockpiles. “I welcome Allies’ timely announcement to invest in up to 1,000 new Patriot air defence missiles to bolster the Alliance’s security”, said NATO Secretary General Jens Stoltenberg. “This investment shows the strength of transatlantic defence cooperation and NATO’s commitment to keeping our people safe. Russian missile and drone attacks on Ukrainian civilians, cities and towns show how important modern air defences are. Scaling-up ammunition production is key for Ukraine’s security and for ours.” The $5.5 billion contract has been awarded to COMLOG, a joint venture between the US company Raytheon and German company MBDA, located in Schrobenhausen, Germany. The large volume of the order will support the set up of a production facility for Patriot missiles in Germany. Patriot air defense systems can be used to defend against aircraft, helicopters and missiles, intercepting them at great distances. In the wake of Russia’s war against Ukraine, NATO has deployed Patriot missile batteries to protect its Allies on its eastern flank. NATO Allies have also delivered Patriot systems to Ukraine and are committed to further bolstering Ukraine’s defences. (Photo:https://www.rtx.com/raytheon/lang/ro/raytheon-in-romania)
A Code Red warning for extreme heat has been issued in southern Romania, with the intense heatwave expected to grip the region between Tuesday morning, July 22, and Wednesday morning, July 23. The alert covers the counties of Dolj, Olt, Teleorman, Giurgiu, Călărași, Ilfov, and the capital city, Bucharest. Temperatures in these areas are forecast […]
Four Ukrainian military aircraft unintentionally entered Romanian airspace for several minutes during the night of July 20 to 21, amid a large-scale Russian attack on Ukraine's airport infrastructure. The Romanian Ministry of National Defence (MApN) confirmed the incident, stating that two Romanian F-16s and two Italian Eurofighter Typhoons were scrambled as a precaution, but the […]
Romania is the most competitive country in the region in terms of labour costs relative to productivity, according to an Erste Group report quoted by Cursdeguvernare.ro. Although...
Romanian president Nicușor Dan announced on July 18 that he will return recent amendments to the country’s law against extremist organisations to Parliament, despite the Constitutional Court rejecting his objections. The announcement was made during a press conference at the Romanian Embassy in Berlin. The contested legislation, commonly referred to as the Vexler Law, amends […]
Corratec, the Romanian production division of the German bicycle group, has signed a production contract with the Austrian brand woom, with bicycles to be primarily delivered to the European and international markets, according to Ziarul Financiar. Production will begin in November 2025. "This partnership...
EEAF Financial Services BV, the majority shareholder of Patria Bank (BVB: BPK), is evaluating strategic options for its 84.05% stake in the Romanian credit institution, including a potential full or partial sale, the bank announced on July 18. The move marks a potential ownership change at one of Romania's listed banks, although no firm decision […]
