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/)
Agra Asigurări, the national leader in agricultural insurance, announces record claims in the first 6 months of this year. As of June 20, 2025, more than 3,300 damage notices have been registered due to extreme weather events nationwide, marking an increase of nearly 50% compared to the entire period of 2024. In total, amid the […]
In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents...
From music festivals to cultural happenings and outdoor activities, here are some of the events scheduled to take place in the capital this summer. Tom Jones concert June 26 After a sold-out concert two years ago, Tom Jones returns to Bucharest with an event that is part of the Defy Explanation tour. It will be […]
The "Vară Magică" (Magical Summer) International Festival returns to the Romanian Athenaeum in Bucharest with eight evenings of classical music, taking place from July 2 to August 13 every Wednesday. Now in its 14th edition, the festival continues its artistic direction in 2025 with the theme "Masters and Masterpieces," meant to signal a musical journey […]
The Romanian Chamber of Deputies adopted a draft law establishing the year 2026 as the "Constantin Brâncuși Year” to celebrate the famous sculptor. The law, initiated by former culture minister and Social Democratic deputy Natalia Intotero, passed with a large majority, with 275 votes in favor and one vote against. Next year also marks the […]
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
