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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
