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.
Romania raised approximately EUR 5 billion on July 9 in its first FX bonds issued after the political normalization and the fiscal corrective package aimed at addressing its major fiscal slippage, amid reported robust demand. The country's borrowing cost, revealed by both the spreads in the FX bond issues and the yield for the 10-year […]
A violent storm with extremely strong winds struck the popular mountain town of Sinaia, Prahova Valley, on July 9, causing significant damage, injuring at least 16 people, and disrupting transport and local infrastructure. Historical sites in the city have also been affected. Authorities had issued a message via the RO-Alert system ahead of the storm, warning […]
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 […]
