* The Joint Assault Bridge system is a tracked, armoured engineer vehicle mounted onto a modified M1A1 Abrams main battle tank chassis, https://www.army-technology.com/ informs. Leonardo DRS will develop and deliver Joint Assault Bridge (JAB) systems for the US Army and Romanian military (through a Foreign Military Sales agreement). Collectively, the contract is valued at $49m, according to a statement issued by the supplier on 22 August 2024. The JAB is a tracked, armoured engineer vehicle mounted onto a modified M1A1 Abrams main battle tank chassis. Manufactured by Leonardo DRS, the US division of the Italian parent company of the same name, the platform is designed to manoeuvre US and allied forces more freely with bridging capabilities. Enhance forward presence Specifically, it provides a gap-crossing capability to cross wet or dry gaps, and freedom of manoeuvre on the battlefield to keep pace with Abrams Heavy Brigade Combat Team (ABCT) operations. Some of these heavy brigade units are incorporated into the V-Corps (all US forces on Nato’s eastern flank). The contingent is based in Pozna?, Western Poland. Notably, there is a regional competence centre in the same town that specialises in operating Abrams tanks. This would, of course, complement the use of JABs in the region. More than 100 JABs have been delivered to forces in partnership with the US Army, according to Aaron Hankins, senior vice president and general manager of Leonardo DRS Land Systems unit.
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
Romania's public debt increased by RON 30.3 billion (EUR 6 billion) in July after the new government of prime minister Ilie Bolojan returned to the international market following a period of absence due to the political turmoil caused by the presidential elections and the formation of a new ruling majority. Romania's public debt hit RON […]
The Romanian Environment Ministry has proposed new legislation that would make the illegal cutting of trees in urban green spaces a criminal offense punishable by prison. The move aims to close what officials describe as a legal loophole that has hindered environmental protection in cities. The draft emergency ordinance
