National Defence Minister Angel Tilvar, while at the Munich Security Conference, had a meeting with representatives of the German company Rheinmetall AG. An important point of discussion was the project for building a powder plant in Romania through a partnership between Romarm and Rheinmetall, the National Defence Ministry (MApN) announced on Sunday."Cooperation with companies like Rheinmetall, a major player in the global defense technology market, can be a success story for Romania. All of Romania's Army modernisation programmes with state-of-the-art military technology are based on leveraging all possible opportunities for industrial collaboration with national economic agencies. The transfer of high technology and the integration of a larger portion of the production of contracted equipment into national industrial capacities significantly contributes to strengthening Romania's security and resilience, in this complex geopolitical context in our region," said Tilvar, according to a press release.An important point of discussion was the project for building a powder factory in Romania through a partnership between Romarm and Rheinmetall.This project benefits from a EUR 47 million grant provided by the European Commission through the Act in Support of Ammunition Production (ASAP) programme.The investment will increase ammunition production capacity, supporting both national security and the strengthening of the European defence industry, the Defence Ministry shows."The success of this initiative will demonstrate our commitment to increasing domestic production and strengthening European industrial capacities. Romania has the opportunity to become an important player in ensuring ammunition supply at the European level," Minister Tilvar said.Representatives of both parties appreciated the constructive dialogue and expressed their desire to expand collaboration through new strategic defence projects, the press release further reads. (Photo:https://armed.mapn.ro/)
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
