Italian defence group Leonardo SpA and Avioane Craiova SA signed a 'Technological and Industrial Cooperation Agreement' on Wednesday at Paris Air Show, a significant step forward in strengthening industrial collaboration between the two companies, informs a press release of the Italian group.The agreement covers several areas of potential cooperation, with a primary focus on Leonardo's C-27J Spartan aircraft and the M-345 and M-346 Integrated Training Systems (ITS), including the establishment, in Romania, of activities related to the C-27J avionics upgrade programme, maintenance and logistics, repairs and personnel training.Avioane Craiova aims to be deeply involved in the current upgrade programme for the seven C-27J Spartan aircraft operated by the Romanian Air Force since 2010. This important modernisation programme, which includes the integration of state-of-the-art systems and training activities, would guarantee significant industrial efficiency, paving the way for future industrial programmes aimed at progressively building a reliable regional industrial centre for the C-27J at Avioane Craiova.Furthermore, the agreement between Leonardo SpA and Avioane Craiova will open up additional opportunities for the joint development of a complex proposal, enabling the Romanian Air Force to integrate a new paradigm for pilot training based on the M-345 and M-346 Integrated Training System. This approach would facilitate the establishment of new local maintenance, sub-assembly, logistics and support capabilities, contributing to the long-term sustainability of the Romanian Air Force fleet. It would also encourage the growth of Romania's defence industrial base, opening up new opportunities for technological cooperation, skills development and high-value jobs in Romania. (Photo:https://www.acv.ro/gallery/)
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
