The Government approved in Thursday's meeting an emergency ordinance aimed at establishing the Romanian Agency for Technological and Industrial Cooperation for Security and Defense (ARCTIS).According to a press release sent by the Government Press Office, the adopted emergency ordinance aims at "reducing the bureaucracy and creating a modern, flexible organizational structure, according to the strategic defense review process", lessons learnt and good practices from the Community and Euro-Atlantic sphere.At the same time, the following are considered: the regulation of technological and industrial cooperation operations, in order to protect Romania's security interests and develop the technological base of the national defense industry.Solutions for the co-opting the Romanian industry in the implementation of the multi-annual endowment plan, as well as its re-technological, are also targeted.The management of ARCTIS will be ensured by a president with the rank of secretary of state appointed by decision of the prime minister upon the proposal of the Minister of Economy, Entrepreneurship and Tourism and by a vice president appointed by order of the minister of economy. The maximum number of posts is 50, excluding the president and vice-president.The staff and assets of ARCTIS are established by taking over the staff and assets of the Special Technical Procurement Compensation Office. The attributions, organization and functioning of ARCTIS are established by the Government's decision, the project also provides.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
