Turkish military land systems manufacturer Otokar is opening a subsidiary in Romania called Otokar Land Systems SRL, after winning a massive contract on the local market late last year. Otokar, Turkey’s leader in the export of such land systems, won the Romanian Ministry of Defense’s tender for 1,059 4×4 armored vehicles. In November, Otokar and Romtehnica, the latter representing the Ministry of National Defense, signed a multi-year contract worth 4.26 billion lei (approximately 857 million euros) for the supply of 1,059 COBRA II light armored tactical 4×4 vehicles to the Romanian Ministry of National Defense. According to the contract, the majority of the COBRA II 4×4 vehicles will be manufactured locally in Romania. On November 27, 2024, Otokar signed the contract by which the Romanian Ministry of National Defense awarded the company the supply of 1,059 COBRA II light armored tactical 4×4 vehicles at a value in Euro equivalent of approximately 857 million excluding VAT. According to the contract, the first 278 COBRA II light armored tactical 4×4 vehicles will be produced in Turkey, and the remaining 781 will be manufactured in Romania. Deliveries are planned to be made in batches over 5 years, starting with the last quarter of 2025. The tender also includes some integrated logistics support services, in addition to the 1059 light armored tactical 4×4 vehicles. Otokar submitted, on March 20, 2024, the bid in the procurement procedure for light armored tactical 4×4 vehicles, initiated by the company C. N. Romtehnica S.A., as a representative of the Ministry of National Defense. Following the successful completion of the qualification, technical evaluation, testing and evaluation stages of the financial offer, on October 4, 2024, Otokar was notified that it had been declared the winner of the procurement procedure. The COBRA II 4×4 tactical armored vehicle, produced by Otokar, is actively used by over 20 users in 13 countries.
Romanian president Nicușor Dan is scheduled to be in the United Kingdom on Tuesday and Wednesday, December 16-17, to meet with representatives of the business environment and the Romanian community. On the first day, the head of state will hold meetings with Romanian representatives from the business environment in the UK, as well as with […]
More than 300,000 older people living in Romania’s urban areas are expected to spend Christmas alone, according to data cited by the NGO Niciodată Singur – Friends of the Elderly, which recently launched its annual holiday campaign aimed at tackling loneliness among seniors. The initiative, titled “Be the Carol That Breaks the Silence,” is based […]
The Romanian Senate adopted a simple motion initiated against environment minister Diana Buzoianu on Monday, December 15. The motion passed after the Social Democratic Party (PSD), the largest party in the governing coalition, joined the far-right opposition party AUR in the initiative. The vote for the simple motion was carried after a no-confidence motion filed […]
Romanian farmers are set to benefit from improved access to financing following a EUR 25 million loan granted by the European Investment Bank (EIB) to Agricover Credit IFN SA, aimed at supporting micro agricultural businesses across the country. The funding will be provided under the InvestEU mandate and is intended to boost productivity and promote […]
Romanians rank among the most satisfied homeowners in Europe, but rising housing-related costs continue to put significant pressure on household budgets, according to the RE/MAX European Housing Trend Report 2025. The study showed that 81% of Romanians are happy with their living situation, above the European average of 77%, while 83% live in owner-occupied properties, […]
The Grand Chamber of the European Court of Human Rights (ECHR) on December 15 ruled in favor of judge Cristi Danileţ in his case against Romania and ruled that the Romanian authorities had violated Article 10 of the European Convention on Human Rights that guarantees freedom of expression, which includes the right to hold opinions […]
