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)
NN, the leader of the life insurance and private pensions market in Romania, received the Top Employer 2025 certification for the seventh consecutive year. NN ranks second among top employers in Romania, up from fourth place last year as a result of its solid people-centric HR strategy, and NN Group ranks seventh in Europe based […]
Calvin Klein Inc. today announces its return to the official NYFW calendar to present Veronica Leoni’s debut Calvin Klein Collection for Fall/Winter 2025. It will be an intimate showing of both women’s and men’s looks and will take place at 12:00 PM on February 7, 2025. “Calvin Klein is thrilled to return to the global stage […]
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
