Romania has confirmed its plan to buy South Korean K-9 self-propelled howitzers for US$920 million, the defense ministry said Wednesday, in another boost for Seoul's drive to clinch more arms export deals, https://en.yna.co.kr/ reports. Romanian Defense Minister Angel Tilvar announced the decision during talks in Romania with Seoul's defense chief Shin Won-sik, who is on a weeklong trip to Eastern Europe that will also take him to Poland, according to the ministry. Shin thanked Tilvar for the decision and anticipated the deal -- the biggest in Romania's arms acquisition over the past seven years -- will further activate defense and arms cooperation between the two countries. "South Korea will become the optimal partner for Romania's push to modernize its military," Shin said, adding he hopes the deal will lead to an array of cooperation, including joint manufacturing, cross training between relevant units and exchange of personnel. During their talks, Shin and Tilvar agreed to further improve their cooperation in areas of military education and training, sharing of information and exchanges, defense acquisition as well as science and technology, according to the ministry. In April, President Yoon Suk Yeol and his Romanian counterpart, Klaus Iohannis, held a summit in Seoul and agreed to boost cooperation in defense and nuclear energy. Shin and Tilvar called military cooperation between Russia and North Korea a security threat to Asia and Europe as they concurred on the need for close cooperation and responses by the international community, the ministry said. Their meeting coincided with summit talks between North Korean leader Kim Jong-un and Russian President Vladimir Putin in Pyongyang. Shin is set to leave for a three-day trip to Poland later Wednesday, where he will co-chair a joint ministerial committee meeting on bilateral defense and arms industry cooperation with his Polish counterpart, Wladyslaw Kosiniak-Kamysz, and visit an air base where South Korean FA-50 light combat aircraft have been deployed. In 2022, Poland signed procurement deals worth 17 trillion won ($12.3 billion) to buy K2 tanks, K9 self-propelled howitzers, FA-50 light attack aircraft and Chunmoo multiple rocket launchers to bolster its defenses in the wake of the Russia-Ukraine war.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
