The PATRIOT system operational in Romania is indispensable, and the discussion on the transfer of such a battery to Ukraine will be analyzed in the Supreme Council for Country's Defense (CSAT), the minister of defense Angel Tilvar stated on Tuesday in Brasov."No one said that we have to give it [a PATRIOT system battery - editor's note]. These are requested hardware, taking into account the situation there. We have one such functional equipment and three that are in the process of becoming functional. Until then, our need is currently satisfied by this equipment. We are going to have other discussions," said the minister, according to national television channel TVR.He explained that, at this moment, there are four PATRIOT systems in our country, one of which is operational and the rest are being operationalized. Three more such systems are to be received by the Romanian state."We took them precisely for Romania's need to defend its national territory. So they are relevant, and from this point of view, this operational system is indispensable," Tilvar pointed out.According to the minister, the discussions regarding the transfer to Ukraine of such an anti-aircraft defense system will be held at the CSAT level."We, at the level of the National Defense, have made assessments related to this. (...) It is not a question of harming national security, it is a question of defending the national territory, obviously, in agreement with our allies, because Romania is part of an alliance that honors us and that generates security guarantees", the minister of defense also pointed out.
Prime Batteries, the only local battery manufacturer and one of the few active in Europe, has established a joint venture with the South Korean company Top Material to produce active material, a key element in the production of batteries. The unit is in South Korea. Top Material is also a shareholder in Prime, with a […]
Franklin Templeton, the administrator of Fondul Proprietatea, has launched 16 Franklin Templeton Investment Funds (FTIF) on the iFonduri platform, expanding access to investment solutions for individual investors in Romania, according to Ziarul Financiar. The iFonduri platform, launched on Thursday, December...
Some companies in the BETPlus index are expected to deliver an average dividend yield of 3.6% in 2026, down from the 4.1% projected for a similar selection last year, according to an analysis by the TradeVille Analysis Department, Bursa.ro reported. The estimates are based...
The American company Critical Metals, which concluded an agreement with the Romanian state-owned company Nuclearelectrica for the partnership construction of a processing plant in Feldioara for the rare earths that the former extracts from Greenland, is actually controlled by the Romanian businessman Frank Timiș, who was, among other things, behind the Roșia Montană project, according […]
West Beton, part of West Group, produced and delivered, through its three production sites, more than 200,000 cubic meters of ready-mix concrete in 2025. Over 90% of total deliveries went to residential projects, including HILLS Nord, the third phase of Nusco City, and developments by companies such as Hagag or Pedro Construct. The rest of […]
The government has added four more companies to the list of the first 17 that entered the reform process and the analysis of the Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu. These are CNCAF Minvest, Romaero, CNMPN Remin, and Avioane Craiova, companies from the portfolio […]
