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.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
