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.
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 […]
