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.
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]
Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
