The NATO deputy secretary general, Mircea Geoana, said on Monday, during a visit to the factory in Brasov of the group that produces components for Airbus, that Romania must have and has the ambition to become the fifth institutional player in the Aerotec group."I know that there is a dialogue between the Romanian authorities and the management of this very important group, which would mean very well-paid jobs, the stabilization of talent here in Romania, and would also mean a more competitive economy. (...) I think that Romania must have the ambition not only to be a beneficiary, but also a partner in such industrial groups. (...) I appreciate the ambitions of the management in Romania for our country to go to the upper level, through additional investments, through jobs and technology. I'm glad to see Romanian companies contributing to this ecosystem: I was looking at the robotics part - one from Cluj makes the software, a company from Brasov transports the finished product to Germany and other destinations. The presence of such an industrial compound does not represent only jobs for those who work here, but also for many other smaller companies in the ecosystem of this elite industry," Geoana said.At the same time, he mentioned that the factory in Romania is certified by the NATO procurement agency, which means that whatever is currently produced in it can be sold in any partner country of the Alliance."When the Soviets occupied Romania, they tried to destroy the Romanian aeronautical industry and I am glad to see that it is reborn. For the military industry, as well as for the civil one, the association with such concerns represents a path that I encourage and I am convinced that the decision-makers from Bucharest and Toulouse will give it the necessary attention," Mircea Geoana pointed out.The factory in Brasov is part of the European concern Franco-German-Spanish-British EADS, which produces aeronautical equipment including for the European defense industry.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
