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.
Chinese bamboo products manufacturer Long Bamboo Technology Group Co., a supplier to Swedish retailer IKEA, has entered the Romanian market to establish a furniture production facility, Profit.ro reported on May 8. The company, headquartered in Hong Kong and with manufacturing...
The Mangalia shipyard in Romania is resuming operations gradually following its entry into insolvency in 2024 after Dutch shipbuilding group Damen withdrew from the joint venture. The shipyard's management has introduced measures to stabilize finances and revive activity, with employee salaries to be paid in phased installments,
The Belgian manufacturer of metal roofing systems Metigla, with a factory in Ceptura, Prahova County, announced a EUR 15 million investment plan in expanding production, automation, and employees. "In 2025, we will consolidate our presence in key markets and gradually expand this model to more European countries. We invest in sustainable products, automation, teams, and […]
Chinese electric vehicle manufacturer BYD officially launched operations in Romania, introducing its full-electric and plug-in hybrid models to the local market, Economica reported on May 8. The move is part of the company’s broader strategy to expand across Europe. BYD’s initial retail presence includes showrooms in...
The local currency kept losing ground on May 9 despite reported interventions by the central bank. The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day. The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by […]
Ilie Bolojan, the interim president of Romania, has sent his "warmest congratulations" to Pope Leo XIV in a message posted on X. "Warmest congratulations to His Holiness Pope Leo XIV upon the election to the Chair of Saint Peter. May he have a long reign and guide the faithful all over the world with wisdom […]
