The Ministry of National Defense, through C.N. Romtehnica S.A. and the Elbit Systems Ltd Company from Israel signed on Tuesday, December 20, a framework agreement for the supply of “at most” seven military drones for the Romanian army. “The framework agreement has a duration of five years and is aimed at awarding subsequent contracts for the supply of up to seven Watchkeeper X UAS systems for a total value of approx. 1,891 billion lei, excluding VAT. The supply of the seven Watchkeeper X UAS Systems, which will be part of the Romanian Army, will be carried out under the conditions of protecting the essential security interest of the Romanian state, the company Elbit Systems Ltd being obliged, according to the agreement, to realize and consolidate on the national territory, at the level of some economic operators in the defense industry, a production, integration, testing and maintenance capacity in the military field for the delivered systems”, according to a press release from the Romanian Ministry of Defence. Thus, starting with the first UAS Watchkeeper X system, the production of the structure of the aerial platform and the production of the structure of the ground command-control station container, as well as the production of electrical and mechanical components from the composition of the system will be carried out on the territory of Romania, at economic operators from the national industry defense. Also, starting with the third Watchkeeper X UAS system, the production of all electrical and mechanical systems related to it will be carried out in Romania, through economic operators from the national defense industry. At the same time, complex level maintenance operations during the life cycle of UAS Watchkeeper X systems will be carried out by economic operators from the national defense industry, so that in crisis and war situations it is not necessary to perform these operations outside the national territory, MApN also informs.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
