Stimulating cooperation between companies such as Lockheed Martin and the Romanian defense industry through joint projects and technology transfer is a strategic priority, considers National Defense Minister Angel Tilvar, who met on Friday on the sidelines of the Munich Security Conference with Lockheed CEO Jim Taiclet, a release informs."This direction is essential for developing the capabilities of the national defense industry and for increasing the engagement of Romanian companies in major military procurement and modernization programs," the minister said.Talks focused on analyzing the status of the ongoing programs for equipping the Romanian Army with high-tech systems produced by Lockheed Martin, and identifying ways to streamline the operationalization processes of those already in service, as essential aspects for consolidating national defense capabilities, with an emphasis on technology transfer and the development of Romania's defense industry.Angel Tlvar stressed that the National Defense Ministry remains "firmly committed to the decision to maximize the industrial cooperation opportunities opened up for the national economy by the equipping programs it plans and implements.""The development of Romania-based high-tech production capacities or co-opting local companies in carrying out maintenance processes throughout the life of the acquired hardware will contribute to increasing Romania's strategic resilience," the Defense Ministry states.The American side confirmed in this context its interest in intensifying industrial cooperation with Romania, with the potential to generate new highly skilled jobs in the local defense industry and to stimulate economic growth in this key sector.The Lockheed Martin CEO also reaffirmed the commitment to supporting Romania by speeding up the delivery schedule of the contracted equipment. Minister Tilvar emphasized the high quality of the Lockheed Martin products and highlighted the company's significant contribution to the transformation and modernization process of the Romanian Army throughout the 27 years of cooperation.Among the successful joint projects currently underway is the hosting by Romania of the European F-16 Training Center that provides a top-standard training setting for Romanian pilots and those from partner states, including Ukraine, with access to state-of-the-art technical resources and expertise.On this occasion, the defense minister reaffirmed the fact that for the ninth consecutive year, Romania allocates over 2% of GDP for Defense, with over 20% of the amount intended for major procurements of modern equipment, thus emphasizing the continuity and predictability of investments in strengthening national and regional security.
During the past years and increasingly in the last months, Romania was subject to a sustained campaign of manipulation and informational interference of foreign origin aimed at influencing the country's public opinion and, more recently, its elections, according to a Romanian Foreign Ministry note. This campaign is still ongoing and has all the hallmarks of […]
There was no retail project completion in Q1 in Romania, but the delivery pace significantly picked up in April and May, when roughly 150,000 sqm of new schemes opened (including one super-regional shopping center – Mall Moldova – in Iasi). This area represents 80% of the entire 2024 new supply, according to data from real […]
DN AGRAR Group (BVB: DN), Romania's largest integrated livestock farm and leading producer of cow milk, closed the first quarter of 2025 with a turnover of RON 51 million (EUR 10 million), an increase of approximately 27% compared to the same period last year. The growth was fueled by an increase in both the volume […]
Romania may commission power generation units with a total capacity of 2.5 GW this year, twice the figure last year, minister of energy Sebastian Burduja said during a conference on May 22, according to Economica.net. Among the generation units to come online this year, Burduja outlined...
Romania’s Treasury sold RON 1.2 billion (EUR 240 million) worth of bonds denominated in local currency and in euros under the fourth issue of the Fidelis scheme aimed at households this year. More than half of the money was raised with the 1-year RON-denominated bonds with a 6.75% coupon (RON 430 million) and the 7-year […]
Romania hopes to submit the fourth disbursement request under the Resilience Facility (RRF) in July, after the revised RRF plan for Romania (PNRR) is endorsed by the European Commission, and to submit another two disbursement requests (out of the four left) by the end of 2026 when the Facility ends, according to the minister of […]
