The U.S. Embassy in Bucharest on Wednesday said it is pleased to recognize the Romanian Ministry of Economy signing two letters of request (LOR) for letters of offer and acceptance (LOA) to explore how the United States and Romania can enhance defense production capabilities.According to the embassy, the letters of request for the co-production of Abrams Tank ammunition and artillery ammunition and are an essential first step in developing Romania's domestic production capacity."Successful implementation of these types of co-production projects build capacity in the whole region and strengthen our bilateral strategic partnership. This co-production will secure the supply chain for NATO, the United States, and Romania, making America and our allies safer," U.S. charge d'affaires Michael Dickerson is quoted as saying in a press statement."Through these NATO-standard munitions co-production projects, we are increasing the strength of the Romanian defense industry. Romania and the United States share common values and principles. The implementation of the NATO European Center of Excellence for Munitions will strengthen Romania's position as a pillar of security and a provider of strategic capabilities in the region. Through this economic and military partnership with the United States, we will develop capabilities for production, testing, certification, and qualification,' according to Romania's Minister of Economy, Digital Transformation, Entrepreneurship and Tourism Bogdan Ivan.The LORs include potential co-production of both NATO-standard 155-millimeter artillery shells and for 120-millimeter NATO tank ammunition. These projects are supported by a USD 920 million foreign military financing loan from the U.S. Department of State announced in September 2024. (Photo: https://economie.gov.ro/)
The European Commission has approved a payment of EUR 1.27 billion to Romania as part of the National Recovery and Resilience Plan (PNRR) funding worth some EUR 28 billion in total. The rest of the scheduled payment, totaling EUR 870 million, was suspended. Romania’s European funds minister, Marcel Boloș, announced that three objectives included in […]
The tech startups YellowGrid, WiseWatts and Procesio won CleanTech Corporate Hackathon 2025, the first event dedicated to innovators, startups and scaleups creating AI-based technologies and solutions for sustainable energy in South East Europe. YellowGrid, the team that won first place and the EUR 5,000 prize, is composed of Cătălin Stăncel, Sergiu Mureșan, Andrei Antohie and […]
Romanians' trust in the EU is well above the European average, but they occasionally show different priorities compared to those of most Europeans, according to the most recent Eurobarometer survey. The measurement, conducted in the winter and spring of 2025, shows an overall increase in European citizens’ trust in the EU, especially in the areas […]
Romania has dropped four positions in the global Startup Ecosystem 2025 report by StartupBlink. It is now ranked 48th worldwide, and has lost ground in Eastern Europe, where it dropped from 8th to 9th place, after Ukraine advanced one position and Greece two positions, surpassing Romania globally. However, Romania is now 16th in the global AI top […]
The Nufărul geothermal station in Oradea, developed through a European project worth EUR 25 million, was officially inaugurated on Thursday, May 29. The station is the first of its kind in Romania, and builders had to drill approximately 2,800 meters for water. “All extracted water comes to the geothermal station on Iancu de Hunedoara Street, […]
CTP, a leading developer, owner, and operator of industrial and logistics properties, has extended its collaboration with HelpShip, a major e-fulfillment and logistics provider within the euShipments.com group, increasing HelpShip’s leased space to 20,000 sqm at CTPark Oradea Cargo Terminal. The expanded facility will serve as the company’s main fulfilment center. With HelpShip’s growth from […]
