The Romanian Air Force getting equipped with state-of-the-art air-to-air missiles significantly increases the safety of the national and NATO airspace and ensures a high degree of interoperability with similar components of the US Army, Romania's Defence Minister Angel Tilvar said on Friday .In a message released by the Defence Ministry (MApN), Tilvar welcomed the recent announcement that the US has approved the sale of AIM-9X Sidewinder Block II missiles to Romania to provide advanced air-to-air capabilities for Romania's F-16 aircraft. The missiles are valued at approximately USD 70 million. The Block II missile contains the most advanced technology of the AIM-9X Sidewinder to date and is currently in service with the U.S. military."The Romanian Air Force's access to state-of-the-art air-to-air capabilities contributes significantly to increasing the safety of the national and NATO airspace and ensures a high degree of interoperability with similar components of the US Army," added Tilvar.The acquisition also includes logistic support, namely spare parts, training missiles, personnel training, technical assistance, technical documentation and transport services, so as to ensure a complete capability for the Romanian Air Force."The United States remains essentially committed to strengthening its posture to defend and deter any aggression in the Black Sea area. The Romanian armed forces will continue to act to strengthen the defence and security dimension of the joint strategic partnership," Tilvar said.
HiSky will launch direct flights between Bucharest and Chicago in June 2026, expanding its transatlantic network two years after introducing its New York route. The service resumes a direct link suspended 24 years ago, the company said. The new route will be operated twice weekly, on Thursdays and Sundays, with the first flight scheduled for […]
EVERGENT Investments Group reached a record level of RON 3.72 billion (EUR 744 mln) in assets under management as of June 30, 2025, up 7% compared to December 31, 2024. The financial performance achieved confirms the resilience of the business model amid heightened domestic uncertainties. The Group’s performance indicator, the net result of RON 195.5 […]
Visual Fan, initially known for the low-cost phones assembled in China, later expanding in various tech markets including consumer electronics, EV imports and PV panel installation, announced the launch on the Romanian market of a new brand of washing machines powered by artificial intelligence. "Our vision is to transform Allview into a brand that offers […]
OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53 […]
However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food, […]
Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro...
