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.
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 […]
