The government approved on Thursday a bill for the purchase of 32 F-35 fighter jets, the Executive's spokesman Mihai Constantin announced."A bill was approved and sent to Parliament in a fast-track procedure, proposing that the Government of Romania award the Government of the United States of America the 'Offer and Acceptance' contracts for the purchase of 32 F-35 aircraft, engines, munitions, initial logistic support, permanent access to the F-35 global support chain, equipment and aircrew training services, support staff and aviation technical staff, special regime cryptographic equipment, specialized assistance, as well as the realization of industrial cooperation projects consisting in the transfer of technology or products. The necessary funds shall be provided from the state budget, through the budget of the National Defense Ministry, through loans or loan guarantees offered by the U.S. Government, or through a combination of these options," Mihai Constantin told a press conference at the Victoria Palace of Government.Also, the proposal was made for the National Defense Ministry and the Ministry of Economy, Entrepreneurship and Tourism to conclude specific industrial cooperation agreements with the manufacturer of the F-35 aircraft, Constantin added.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
