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.
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 […]
