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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
