Arms manufacturer Rheinmetall has secured a 328-million euro ($362 million) contract with Romania to modernize its air defense artillery systems, https://www.thedefensepost.com/ reports. The company will upgrade the country’s Oerlikon GDF 103 anti-aircraft gun, integrating it into its Skynex air defense solution, with four units to be delivered within the next three years. The agreement also covers training, spare parts, and other logistical services. Each of the units will include new fire control systems, 3D radars, twin guns equipped with autoloaders, and two heavy-duty trucks for transport. The contract is the first-ever major order between Romania and Rheinmetall, which recently opened a weapons hub near the city of Satu Mare. Bolstering Regional Defense Rheinmetall AG executive board chairman Armin Papperger said that the contract promotes a more modernized defense force not only for Romania, but also for its allies. “This substantial first-time order from the Romanian government widens our footprint in Central Europe. It also underscores Rheinmetall’s role as a leading supplier of ground-based air defence systems. Moreover, the order will bolster the defensive capabilities of the EU and NATO on Europe’s eastern flank, something we’re very happy about,” he said. The company has recently worked with NATO countries to bolster their defenses amid the ongoing Russo-Ukrainian war. Its weapons center in Romania was also established to “play a central role in maintaining the operational readiness of Western combat systems in use in Ukraine and in ensuring their logistical support.”
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Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
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More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
