The Romanian Naval Forces were notified, on May 11, regarding the existence of an air wreckage (drone) that was drifting in Romania's territorial waters, in an area located between Sulina and Sfantu Gheorghe (southeast), about two nautical miles from shore.The wreckage of the drone was recovered by a ship of the Naval Forces, being later taken over by the Romanian Air Force for the carrying out of legal procedures for identifying the wreckage and investigating the circumstances in which it arrived in Romanian territorial waters, informs a press release of the Ministry of National Defense (MApN) sent on Monday.According to the cited source, the first data showed that the wreckage, which bears the insignia of the Ukrainian Naval Forces, did not have weapons and ammunition on board.As a result of the air traffic data from the Black Sea region, the aircraft crashed into Ukrainian airspace, most likely during the actions of May 7 and 8. The wreckage was later carried by currents to the territorial waters of Romania, where it was spotted on May 11, the Ministry of National Defense states.Legal procedures for notifying the Ukrainian authorities of this situation are underway.
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 […]
