The Minister of National Defence Vasile Dincu declared on Tuesday that our country will manufacture drones and mini-subs in the next two or three years.Asked, in Parliament, if it is possible in our country to open new units of arms manufacturing, Dincu said: "Certainly. We will have at least subassemblies, we will manufacture drones in Romania, we will have a production of mini-subs, we will have productions tied to arms and in the armored area as well. (...) In the coming years, two or three years, we will already have productions and we could even have them sooner. There are elements that have already begun, elements of joint-ventures made with important countries, such as Germany, Italy, the United States, Israel. (...) We already have maintenance units, such as the one in Bacau, maintenance for F16 aircraft, the national maintenance center, we hope that we will be able to accredit as many national centers for maintenance of armored vehicles as we can".He added that Parliament will most likely approve next year to increase GDP spending for defence and that there is already an acquisition list in the plan within the strategic document of Romania's Army 2040."This means that we have a reporting and procurement threshold in 2026, one in 2032 and one in 2040. Obviously if we will have extra money we will first increase the percentage from this budget for procurement. It is the main aspect and certainly here we will bring projects that should have begun, for example, in 2027 or 2030, we will bring them closer, if we will manage. It is important to know what sums we will have, as well as the potency that it has and will have in the future, especially our defence industry, because at this point the most important thing would be to not buy everything from abroad, but rather to produce as much as we can in Romania," Dincu mentioned.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
