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.
A truck belonging to a Moldovan transport company loaded with weapons was detected at the Albita Customs, at the entrance to Romania, on November 20, Europa Libera Romania reported. According to the documents, it was intended for an Israeli beneficiary, but this has not been...
The Constitutional Court of Romania (CCR) will rule on December 10 on the objections expressed by the opposition party AUR against the revised law that includes higher taxes and better tax collection procedures, passed by the Parliament on November 18 in an amended form, such as to incorporate the issues already spotted by the CCR […]
The Social Democrat (PSD) candidate for the Bucharest mayor seat, Daniel Baluta, mayor of District 4 and president of PSD Bucharest organisation, leads with 26.6% of the general voting intentions expressed in the latest poll conducted by Inscop for Informat.ro. He is closely followed by the Liberal (PNL) candidate Ciprian Ciucu, currently mayor of District […]
Cris-Tim Family Holding (BVB: CFH) shares will start trading on the Bucharest Stock Exchange on November 26, following one of the most heavily oversubscribed initial public offerings ever conducted on the local market for retail investors, Ziarul Financiar reported. The listing follows a RON...
Banca Transilvania (BVB: TLV) is preparing to launch a new Additional Tier 1 (AT1) bond issue, denominated in euros, with an indicative coupon of 7.625% (semiannual payment), according to Bloomberg information consulted by Economedia.ro. The instrument is a EUR Benchmark Perpetual...
Banca Comercială Română (BCR, part of Erste Bank Group) raised EUR 500 million through its second Eurobond issue, strengthening its access to international capital markets. The issuance follows a local bond sale earlier this month and forms part of the bank’s broader funding strategy. BCR stated that the transaction secured “one of the most competitive […]
