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/)
Gaep will participate at miart 2025, Milan’s international art fair, with a presentation covering two new sun prints by Răzvan Anton, assemblages by Théo Massoulier, paintings by Cătălin Pîslaru and photographs by Mihai Plătică. A common thread running through these artists’ practices is a desire to push the boundaries of their mediums of choice, either […]
The Board of Directors proposes a gross dividend of RON 0.11/share, with a 7.64% yield. RON 97.8 million is the estimated fund allocated to dividends in 2024. The own share buyback operation is within 4.46% of the share capital. The net result of RON 263.66 million increased by 29.4% compared to 2023. The value of […]
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Dulcinella, a Romanian network of confectionery and pastry shops with Bessarabian roots, aims to increase the number of locations by 80%, from 20 to 100, by the end of 2026. Of these, 80% will be created through franchising or operation, two types of partnerships defining Dulcinella Group's strategy in the coming years, it said. By […]
Romanian Cosmin Crăciun drove approximately 26,000 kilometers from Buzău, southern Romania, to Yakutsk, Russia, the coldest city in the world, using his personal car. His journey took 53 days roundtrip. Crăciun began his expedition in January of this year, traveling through Turkey, the Caucasus Mountains, and Kazakhstan before reaching the first destination on his itinerary, Lake […]
Rubik Hub is refocusing this year’s edition of its international scaling accelerator, Rubik Scale, from the US to the UK. The organization has opened two spots for seed-stage startups that aim to expand in the UK. Applications are open until April 10 on the official website. “Just like startups, we need to keep a close […]
