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.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
