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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
