Representatives of Romanian producer of NATO-grade military equipment Carfil SA and American producer of high-performance uncrewed systems Periscope Avation signed on Friday, at the Black Sea Defense & Aerospace Exhibition (BSDA 2024), a cooperation agreement for the production of a Romanian drone; the signing ceremony was attended by Minister of Economy Stefan-Radu Oprea and U.S. ambassador in Bucharest Kathleen Kavalec."Today we had an important moment as, together with American venture Periscope and Romanian company Carfil, a subsidiary of state-owned Romarm, we signed a protocol to jointly produce a drone with applicability both in the civil and the military field. That is why two more protocols were signed, one that includes several associations, of those who believe in Romania's capacity to produce a 'domestic' drone and together with them we seek to improve the legislative framework, allowing the fast implementation of such projects. The second protocol brings together those who want to use the Romanian drone for agricultural purposes. You will see there agricultural research institutes, the Polytechnic Institute in Bucharest, because together we want to further research in Romania so that we can go from the idea to the prototype and to the product," declared Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea.He mentioned that although several Romanian companies have the necessary know-how for drone manufacturing, have prototypes and also put out products, a competitive drone takes much more than that."Besides the Romanian drone project (...) we also plan to become suppliers in the global production chains of top-class manufacturers such as Periscope. This isn't the only company, but we want them to get to know us better, to see the production capacities we have in Romania, to develop products, to include us in their supply chains," Radu Oprea said.Carfil CEO Mircea Tantau said that the company has everything necessary - modern manufacturing capabilities, investments of over 15 million of euros, ultra-modern equipment - to launch mass production for the drone types that will be established based on a roadmap.He added that a certain article in the sealed cooperation agreement stipulates that within three months from the signing of the agreement, the two companies will define their participation in this association.Carfil SA, with a history of over 100 years in the production of weapons and artillery ammunition, is one of the most important companies in the Romanian defense industry.Periscope Aviation is the drone division of Chartis Federal, being the latest investment of the American company, famous for its innovation in high-performance tactical UAV systems.
Romanian singer Alexandra Ușurelu will perform a Christmas Charity Concert on Thursday, December 18, at the Ibis Bucharest Politehnica Hotel. The event will raise funds to support the education of 100 children with severe illnesses through the Păsări Association. According to the organizers, each ticket purchased will contribute directly to this cause. Alexandra Ușurelu, known […]
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
