The signing ceremony of the memorandum between the Romarm National Company, Electromecanica and Raytheon Missiles & Defence for manufacturing SkyCeptor intercepting missiles in Romania took place, at the headquarters of Electromecanica Ploiesti."Romania will become the first country that could use on the ground the newest version of the Patriot anti-air and anti-missile defence system, manufactured by Raytheon Missiles & Defence, a division of Raytheon Technologies. Military acquisitions, industrial cooperation and the development of a strong national defence industry are vital elements for shaping the security profile of Romania, a member of the European Union and NATO. (...) I am expecting to have a functional collaboration in the shortest time, a long-term process and a development strategy for the two companies that come in to support Romania's defence strategy, but also to join in in supporting Romania's positioning as a strategic supplier in Europe and in the international military equipment environment," the Minister of Economy Florin Spataru said.In context, he referred to the war in Ukraine, showing that public-private partnerships represent the structure which the defence industry must function in the long-term.In turn, the Minister of Defence highlighted the importance of revitalizing the defence industry."I am glad that Electromecanica Ploiesti is a partner and can be a partner for such an important player on the global defence market. Raytheon Technologies is a very important partner for the Ministry of National Defence, we have a lot of acquisition projects, exceptional collaboration with one of the most important players in the global defence industry market," Vasile Dincu declared.Furthermore, he said that this type of missiles is adapted for the Patriot system, is cutting edge and has a "fantastic advantage" because it is cheaper.Skyceptor is a long-range interceptor that has low costs and is developed for defending against ballistic and cruise missiles and is proposed for future integration with the Patriot Air&Missiles Defence," said Wesley D. Kremer, the chairman of the American company Raytheon.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
