Head of South Korea's defense procurement Seok Jong-gun was in Romania last week to discuss with senior officials Romania plans to acquire new military hardware, and also strengthen cooperation in the weapons industry, Seok Jong-gun's office reported on Monday as cited by South Korean news agency Yonhap.Seok Jong-gun, minister of the Republic of Korea's Defense Acquisition Program Administration (DAPA), met on Friday in Bucharest with Nicoleta Pauliuc, chair of the Romanian Senate's Committee on Defense, Public Order and National Security, to discuss Romania's plans to acquire new military equipment.During the talks, Seok explained Seoul's efforts to participate in Romania's projects to buy new infantry combat vehicles and battle tanks with its Redback armored vehicle and K2 tank, according to DAPA.Seok also met with Romanian Economy Minister Bogdan-Gruia Ivan to discuss arms industry cooperation in warships and advanced technologies.Ivan expressed hope for cooperation with South Korean defense and shipbuilding companies to enhance the security of the Black Sea region and the shipbuilding industry, with Seok agreeing to hold discussions in these areas, DAPA said.The two countries have recently stepped up their arms industry cooperation, after South Korea's Hanwha Aerospace won a 1.38 trillion won ($940 million) order from Romania last year to supply K9 self-propelled howitzers and K10 ammunition supply vehicles.Seok's visit to Romania followed a visit to Norway earlier this week to discuss ways to improve the capabilities of the Scandinavian country's K9 system.Norway and Romania are among the nine countries that have purchased the K9, along with Australia, Egypt, Estonia, Finland, India, Poland and Turkey.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
