According to information published by Bursa on July 15, 2022, the Romanian Minister of Defense, Vasile Dincu, said during an interview that he has signed a letter of intent to buy French-made Scorpene class submarines and helicopters. The Romanian Minister of Defence said that they have learned the lessons from what is happening in Ukraine and they want to see in the coming period whether the initial programming of the Armed Forces 2040 project, which passed the Supreme Council of National Defence two years ago, still meets the current requirements or not. He said that the national defense industry could benefit from rapid development following the establishment by NATO of the Defence Innovation Accelerator (DIANA), which is funded in the first phase with €2 billion. About the Scorpene class submarines The Scorpène-class submarines are a class of diesel-electric attack submarines jointly developed by the French Naval Group (formerly the Direction des Constructions Navales) and the Spanish company Navantia, https://www.navyrecognition.com/ reads. The Scorpène class of submarines has four subtypes including the CM-2000 conventional diesel-electric version, the AM-2000 air-independent propulsion (AIP) derivative, the downsized CA-2000 coastal submarine, and the enlarged S-BR for the Brazilian Navy, without AIP. The Scorpéne-class submarines are in service with Chile, Malaysia, India, and Brazil. The Scorpène submarine is capable of carrying out all types of missions, such as anti-surface vessel warfare, anti-submarine warfare, long-range strikes, special operations, or intelligence gathering. It is extremely stealthy and fast, and is equipped with a comprehensive range of weapons (torpedoes, missiles, mines). The Scorpène submarine can carry 18 torpedoes and missiles or 30 mines. It is equipped with six bow-located 21in torpedo tubes providing salvo launch capability. Positive discharge launching is by an air turbine pump. It can launch anti-ship and anti-submarine torpedoes, as well as anti-surface missiles. The handling and loading of weapons are automated.
NATO Secretary General Mark Rutte tried to calm security worries during his visit to Bucharest, saying the Alliance’s commitment to Romania remains strong, even after recent changes to the US troop presence. Standing next to president Nicuşor Dan on Wednesday, November 5, Rutte stressed that NATO fully understands Romania’s strategic importance on the eastern...
During the General Meetings of Shareholders of EVERGENT Investments held on October 29, 2025, all proposals submitted by the Board of Directors and included on the agenda were approved by a large majority. The main resolutions adopted were: the implementation of a share buyback program for up to 43,300,000 own shares, to be carried out […]
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, […]
