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.”
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
