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.
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
The private medical services operator MedLife (BVB: M) increased its turnover by 19.5% in the first nine months of the year, to RON 2.36 billion (EUR 464 million). However, the company reported a financial loss of RON 6.3 million (EUR 1.2 million) as a result of the rise in the exchange rate. The company turnover […]
CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]
The Romanian Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a EUR 20 million commitment, becoming the fifth national promotional institution to back the EIF-led instrument. The fund, which backs growth-stage companies across Central and Eastern Europe, has now reached EUR 100 million in national contributions from Romania, […]
