Interim Minister of Economy, Energy and Business Environment Virgil Popescu discussed on Monday with the representatives of General Dynamics about the second stage of the acquisition contract of the Piranha armoured transporters by the Ministry of Defence, as well as the association between ROMARM and GD, regarding their manufacturing in Romania."The Romanian Army need these armoured transporters and according to the offset contract they need to be manufactured in Romania. A possible acquisition of UM Bucharest by General Dynamics is not excluded, but the procedure will take some time and until then we need to get organize in order to manufacture the transporters in Romania, just as it was established through the offset contract," the Minister wrote on his Facebook page.The discussion was also attended by the CEO of CN ROMARM, Tutu Gabriel, and from the Ministry of Economy, Entrepreneurship and Tourism, secretary of state Daniela Nicolescu, the director of the Defence Industry Direction, Ruxandra Anghel, and the director of the General Directorate of Managing State Participations, Manafu Adrian."I conveyed the message that I encourage investments and wish for the defence industry in our country to be a proficient one and with top products," Virgil Popescu highlighted.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
