Soldiers from the 101st Airborne Division conducted a live fire exercise of the U.S. Army’s newest counter-drone system in Capu Midia, Romania. The M-LIDS system, which stands for Mobile, Low/slow/small, unmanned aircraft Integrated Defeat System, is capable of detecting and defeating against the most common types of drones which could be used to surveil or attack friendly forces. Using the M-LIDS system manufactured by several US Defense contractors including Raytheon, SRC, and Northrop Grumman, the soldiers were able to identify, track, and destroy the threats with a combination of electronic warfare and large-caliber machine guns. After the live fire, the Soldiers briefed U.S. and Romanian officers on the equipment specifications and each of its capabilities. Officers from the Romanian Air Forces and Land Forces observed the live fire exercise, familiarizing themselves with the equipment. The exercise represents a continued milestone not only in the U.S.-Romanian strategic relationship, but also in Romania’s deterrence posture in the volatile Black Sea region. (Source: Public Diplomacy – Press Office U.S. Embassy-Bucharest)
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
