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.
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
Romania’s leading bank, Banca Transilvania, announced the successful completion of its first AT1 (Additional Tier 1) bond issuance on the Dublin Stock Exchange. The final volume of subscribed orders reached over EUR 2.65 billion, representing an oversubscription 5.3 times higher than the amount BT intended to raise. More than 180 investors, a record in Banca […]
During the Executive Committee meeting on Thursday, November 20, the Romanian Gymnastics Federation decided to dissolve the national teams after a series of public accusations of harassment. The accusations are not new. At the end of October, upon returning to the country after the World Gymnastics Championships in Jakarta, 23-year-old athlete Denisa Golgotă revealed that […]
Chinese electronic giant Xiaomi has opened its first physical store in Romania as part of a broader strategy to strengthen its presence on the local market, with additional retail expansion planned for 2026. The new Xiaomi Store, located in Bucharest’s ParkLake Shopping Center, is the company’s first directly operated retail space in the country and […]
