The maintenance capacity for Black Hawk helicopters is to be built at Romaero with Lockheed Martin and Aerostar, Economy Minister Florin Spataru said on Wednesday after the signing ceremony of the letter of intent with Lockheed Martin."It is a maintenance capability for these Black Hawk helicopters that the Ministry of the Interior has purchased. Our intention and that of Lockheed Martin is to develop this capability both for use in Romania and for the regional projects they have. This capability will be built at Romaero in collaboration with another Romanian company, Aerostar, and tomorrow we will start discussing what assessment we have to make, what are the necessary investments, how we materialize this partnership, through a formal association and after that we start working... Lockheed Martin will come with a technology transfer and train the staff. The investment will be made by both Romaero and Aerostar, and we asked Lockheed Martin to join the association as well. with a percentage," said Spataru.Asked how Lockheed Martin will participate, he said it could be in the form of equipment or know-how.Asked when the helicopters would arrive in the country, he mentioned that the first one would arrive early next year.The economy minister and the two vice-presidents of Lockheed Martin, Ray Piselli and Dennis Goege, signed on Wednesday the letter of intent by which the American company expresses its readiness to conclude partnerships with the Romanian state for investments in the Romanian aeronautical industry, according to an Economy Ministry's release.
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 […]
