Romania is going to receive a new model of the PATRIOT system from the United States, Prime Minister Marcel Ciolacu said on Friday, pointing out that the purchase contract has been signed and the payment has already been made.The announcement was made at the end of a visit to the construction site of the Large Burns Centre at the "Pius Branzeu" County Emergency Clinical Hospital in Timisoara.He was asked whether Romania would complete the purchase of a new PATRIOT system from the U.S. to replace the one that was donated to Ukraine, given the change in the administration at the White House and the position expressed by the U.S. regarding aid to Ukraine."We have signed the contract, we have also collected the money. We have all the funds, we received the money, and we have already made the payment. Interestingly, we are getting a new model!," answered Marcel Ciolacu.Defence Minister Angel Tilvar in an interview with Agerpres in January said that the contract for the PATRIOT system to replace the one Romania donated to Ukraine was going to be signed soon."The U.S. government has decided to approve the delivery to Romania of three PATRIOT systems, which were already in the programme. In addition to these three systems, regarding the system we donated, which is worth approximately 300 million... partners from three NATO member states have contributed financially, with Romania going to pay only for transportation and probably VAT for this equipment," said the minister.
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
Romania’s Orșova Shipyard (BVB: SNO) has concluded five external contracts for the construction of five river vessels, with the total value of the contracts amounting to EUR 22.2 million, according to a report submitted to the Bucharest Stock Exchange. The contracts are commercial in nature and have an intra-community delivery, but the buyer cannot be […]
Four people died on Monday, July 28, following a naval incident in the Musura Gulf area, Sulina Branch, where a boat capsized, according to information provided by the Tulcea County Emergency Situations Inspectorate. Among the deceased is also a child. Of the 14 people who were reportedly on the boat that capsized, 10 are being […]
