The French Embassy in Bucharest informs that Romania is currently collaborating with France on various armament projects, with the aim of endowing the Romanian Armed Forces with modern and efficient equipment.The diplomatic mission said in a press release sent on Wednesday that these clarifications come in the context of the recent appearance in the public space of false or out of context information regarding Romania's purchase of Mistral 3 missiles.The French Embassy informs that there are two distinct projects in the field of air defence. One is aimed at very short-range portable anti-aircraft missiles for the Romanian infantry."The French state is proposing the latest generation Mistral 3 (MBDA) missiles as part of a joint procurement for new countries, including France and Romania. Thus, all countries benefit from the same purchase conditions (favorable price, quality and performance), as does France. The price proposed for Romania is much lower than the EUR 700 million budget approved by the Bucharest Parliament for this equipment," the cited source shows.The second project targets short and very short range anti-aircraft systems installed on vehicles."A French company responded to a tender launched by the Romanian government. An offer was submitted by this company, but was eliminated by the Romanian authorities," the diplomatic mission further informs.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
Picture your ideal event - a special gathering that’s personal, elegant, and deeply memorable. Now imagine achieving this effortlessly, in a location meaningful to you, anywhere in Bucharest. JW Marriott Bucharest Grand Hotel brings its celebrated five-star hospitality beyond traditional boundaries, making truly refined occasions possible wherever your imagination takes you. At the heart of […]
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
