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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
