Minister of Economy, Digital Transformation, Entrepreneurship and Tourism Bogdan Gruia Ivan was on a working visit to the municipality of Barlad - Vaslui County on Friday to discuss with the county and local authorities solutions for the county's reindustrialization.The minister visited the Barlad Bearings Factory where he asked the company's management to seek licensing for becoming a supplier to the defense industry, as plans are afoot for Romania to become a major defense industry manufacturer."Thanks to large infrastructure investments in the past three years, Barlad will be less than 60 kilometers from the Moldova motorway. We are looking for solutions for the capital area, for working capital for industrial companies, including the Barlad Bearings Factory, which is a landmark company with an incredible history. It is one of the three factories in Europe with an almost complete in-house production cycle. For us, this factory represents a priority. With the construction of the motorway and the reconstruction of Ukraine ahead, the entire northern and eastern area of Romania will develop. We agreed with the bearing manufacturer to start procedures to license the factory to become a defense industry supplier, which is extremely important. In the 2025 budget we already have RON 1 billion earmarked for investments in Romania's military industry, in production. It only follows naturally that we want to turn Romania into one of the major producers for the defense segment," said Bogdan Gruia Ivan.President of the Vaslui County Council Ciprian Trifan emphasized the need for investments in the area, stating that opening local industrial parks is a major option in this regard.
Hungarian filmmaker Béla Tarr (in opening photo) is one of the guests of this year’s Transilvania International Film Festival (TIFF), which is currently taking place in Cluj-Napoca. He will receive a Lifetime Achievement Award at the TIFF Awards Gala. Until then, audiences will have the chance to meet him at the cinema and attend a […]
With a continued commitment to innovation, sustainability, and affordability, Auchan Romania has received three major distinctions at the “Voted Product of the Year 2025” competition – the most prestigious recognition platform for innovation and performance among products, brands, and retail networks in Romania. In addition to being named Retailer of the Year in the Hypermarket […]
Roughly 72% of Romanians believe that their own actions have the greatest impact in building a sustainable future. At the same time, they acknowledge the essential role of companies (68%) and governments (66%) in achieving sustainability goals, according to the fourth annual edition of the National Barometer on Romanians' perceptions and behaviors related to sustainability […]
Contakt, a Romanian mobile accessories retailer operating a nationwide network of 245 stores, has announced plans to list on the AeRO market of the Bucharest Stock Exchange this fall. Roughly 10% of the company’s share capital will be made available to investors during the IPO, with a gradual increase in free float to 30-40% forthcoming. […]
Wizz Air will reopen its base in Suceava, in northeastern Romania, where it will allocate two Airbus A321neo aircraft. With these, the airline will operate a total of 43 aircraft during the winter season in Romania. Wizz Air will also introduce eight routes from Suceava starting in December. Passengers will be able to fly from […]
A new legislative proposal is currently being developed regarding end-of-life care, according to doctor Cătălina Poiană, president of the Romanian College of Physicians. It would be a first for the Romanian medical system. Dr. Poiană specified that the document has been worked on by representatives of the Romanian Society of Anaesthesia and Intensive Care (SRATI), […]
