Minister of National Defense Mihai Fifor said on Friday that Romania has accomplished the goals set for this year as regards the endowment of the Army. “No farther than last week, the Ministry of National Defense has paid for another three ‘PATRIOT’ long-range missile defense systems, which is exactly according to plan. In February this year we paid for the first HIMARS system. The bidding process for the four multi-purpose corvettes that will be built in a Romanian shipyard is in full swing and we hope that in two weeks at the most we will know the outcome of the procedure. We are also in full process of negotiation with the Craiova aircraft factory for the upgrade of the Hawk IAR-99 airplane, and we hope to close the procedure this year. The procurement of the multi-purpose wheeled vehicles, specifically for the trucks for the Romanian Army is also underway,” DefMin Mihai Fifor said. He also mentioned that the first two PIRANHA 5 8×8 armored carriers have left the facility of Swiss manufacturer Mowag, heading for the Bucharest Mechanical Plant; the two are the first of a fleet of 36 carriers that will endow the Romanian Army under the first major Armed Forces equipment program carried out with the allocation of 2 percent of GDP for Defense. “We can say that this year, the government has shown that Romania is a good and trustworthy partner for the North Atlantic Alliance, but also within the strategic partnership with the US. Let me remind you that this is the second consecutive year where the Romanian Government allocates 2 percent of the GDP for Defense. Premier Viorica Dancila has made it perfectly clear that this allocation will continue in the following years. As a matter of fact, the 2019 budget draft for the Ministry of National Defense is ready, the budget allocation is equally 2 percent, with major to-dos to accomplish next year,” said Minister Mihai Fifor. “Drawing the line, we can say yes, Romania has once again shown that it is a credible partner to the North Atlantic Alliance and also for the strategic partnership with the US,” the Minister of National Defense concluded.
Global law firm Dentons has advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A., on a RON 3.1 billion (approximately €622,7 million) syndicated loan agreement destinated to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment. The syndication was […]
Function Health, a personal health platform offering accessible annual lab testing, has acquired Ezra, the developer of FDA-cleared AI technology that makes full-body MRI scanning faster and more affordable. Ezra was founded by Romanian Emi Gal. Following the acquisition, the company will launch a full body MRI that cuts scan time from 60 minutes to […]
The National Bank of Romania (BNR) announced on May 6 an exchange rate of RON 5.0378 /EUR. This is a 1.21% increase on the previous RON 4.9775/EUR exchange rate and the first time it has exceeded the RON 5 threshold, marking a historical high. The exchange rate stood at an average of RON 4.97/EUR last […]
Oxygen announces the launch of Oxygen Media, a dedicated media planning & buying agency led by Cristian Costache as Senior Partner. The new agency complements Oxygen’s existing integrated communications structure, which spans advertising, digital & social media, influencer marketing, events & consumer engagement, content production, PR, public affairs, employer branding, sustainability & CSR. Oxygen Media […]
Russian political philosopher close to the Russian presidency, Aleksandr Dugin, issued several messages in support of Romanian presidential candidate George Simion, who repeatedly opposed supporting Ukraine. Dugin portrayed Simion positively in a number of messages, calling him a champion of “real people.” "Simion has gained in Romania. Globalists either kill him, or cancel the results […]
Local authorities in Cluj-Napoca, Romania’s second-largest city and a vibrant IT hub, approved a partnership agreement with the Romanian Railway Company CFR for the implementation of the metropolitan train project. Longtime Cluj-Napoca mayor Emil Boc, cited by ournalists at Actualdecluj.ro,...
