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.
Romanian prime minister Marcel Ciolacu announced during the first government meeting this year that over 200 kilometers of highways and express roads are planned to be inaugurated in 2025. Among the key projects highlighted was the Focșani-Brăila expressway, valued at over EUR 1 billion, for which multiple bids have been submitted,
SevenX Ventures increased its stake in Holde Agri Invest, one of Romania’s largest agricultural land operators, the company announced. At the same time, Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, increased his holding in SevenX Ventures to 71%, resulting in a reduction of Vertical Seven Group’s stake […]
The Romanian executive recently granted emergency approvals for banned bee-killing pesticides in clear violation of European regulations, according to the European branch of the well-known US political news outlet Politico. Specifically, the Romanian ministry of agriculture greenlit the use of Cruiser 350 FS - a neonicotinoid insecticide banned in the EU due to its devastating impact...
Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate Călin Georgescu, focusing on "the manner and flows of money that arrived from various sources." "It is an investigation alongside the judicial bodies, […]
Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said. One of the scenarios is to keep the compensation-cap scheme for […]
Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. ...
