The minister of Defence, Angel Tilvar, appreciated the recent acquisition by the German arms manufacturer Rheinmetall of the majority of shares of the Automecanica Medias company at a meeting with the company's representatives, the Ministry of National Defence (MApN) informs.As part of the participation in the Aeronautics Exhibition - ILA 2024, in Berlin, minister Tilvar had, on Wednesday and Thursday, a series of working meetings with the representatives of some international companies from the defense industry, present at the exhibition event.Wednesday's meeting with the representatives of the Lockheed Martin company was "a good opportunity for the Romanian side to emphasize the importance of the collaboration between the American company and the Ministry of National Defense for the achievement of the goals of equipping and modernizing the defense capabilities of the Romanian Army," MApN states.Minister Tilvar highlighted the two industrial cooperation projects that Lockheed Martin has undertaken in Romania, within the two national maintenance centers that were established within the Aerostar SA Bacau company, for the F-16 aircraft and for the HIMARS systems. Angel Tilvar recalled that Romania has already taken "important steps in the program of purchasing F-35 aircraft, also produced by Lockheed Martin, which will be implemented by agreement between the governments of Romania and the United States".The Romanian minister emphasized that this acquisition program, "the most important in the history of the Romanian Army, ensures not only the provision of the Romanian Air Force with V-generation aircraft, but also creates opportunities for industrial cooperation in a high-tech field for Romanian relevant companies, urging the representatives of the Lockheed Martin management to analyze the possibilities of expanding cooperation in this segment as well".Also on Wednesday, the minister also met with the representatives of the Airbus French company, an important manufacturer in the aerospace field present in Romania. The discussions focused on the role of the defense industry as a suitable solution to the increased requirements of military capabilities of the allied states in the current security context. Angel Tilvar emphasized the tradition of Romanian military aviation's cooperation with the French company and expressed his appreciation for the investments and involvement of Airbus in the relevant market in our country, especially through the cooperation with the national industry in the line of maintenance, repair, overhaul and modernization of helicopters.
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
The transaction between E.ON and the Hungarian company MVM regarding the assets of the former company in Romania was blocked by the Supreme Council for National Defence, former energy minister Sebastian Burduja announced on his Facebook page, cited by Bursa.ro. The decision was reportedly...
KMGI, which owns the Petromidia and Vega refineries in Romania, is operating normally, and no decision is currently being made on the privatisation of the holding, the press service of Kazakhstan's national oil and gas company KazMunayGas, which owns KMGI, said on November 25, as cited by Agerpres. ...
Three bidders, from Romania, the European Union, and the United States, are interested in buying the local assets of Russian group Lukoil, which include a medium-sized refinery, a filling station chain, and an offshore gas perimeter under exploration, Romanian minister of energy Bogdan Ivan announced, according to
The European Commission, under the Semester Package published on November 25, included Romania among the 19 of the 27 EU countries with compliant fiscal developments and prospects, based on the Report on action taken, submitted by the Romanian authorities on October 16. For nine Member States, including Romania, the Excessive Deficit Procedure (EDP) is held in abeyance, […]
West Side Christmas Market, the winter fair created by Untold Universe in partnership with Bucharest’s District 6 City Hall, will reopen on November 28 with an expanded program of concerts and holiday entertainment in Drumul Taberei Park. The fair, which runs until December 27, promises a larger, more immersive experience this year. The official opening […]
