05.09.2024

The Board of Directors of the European Investment Bank (EIB) on May 9 endorsed a revised definition for dual-use goods and infrastructure eligible for EIB Group funding. more

09.07.2023

Bittnet Systems (BNET.RO), an IT&C solutions integrator and provider of training services in the IT sector, said in a stock market report on Wednesday (Sept 6) that Dendrio Solutions, part of the more

12.20.2022

Romania’s National Defense Ministry via Compania Nationala Romtehnica has signed a framework agreement with Israel’s Elbit Systems Ltd for up to seven UAS Watchkeeper X systems worth a total of more

05.05.2022

Romanian state-owned military equipment supplier Romarm and its subsidiary Electromecanica Ploiesti have signed a memorandum with U.S.-based defence contractor Raytheon Missiles & Defense to start more

03.01.2022

President Klaus Iohannis said on Tuesday, in the context of Russia’s invasion of neighboring Ukraine, that Romania would increase the government expenditure on defense to 2.5% of gross domestic more

08.27.2021

Romania ranks sixth among European Union Member States, with a 1.7% ratio of general government expenditure on defense to GDP in 2019, Eurostat, the statistical office of the European Union, said on more

01.19.2021

Dendrio Solutions, owned by Bittnet Systems (simbol bursier BNET.RO), has signed a RON22.8 million framework agreement with the Ministry of Defense for the provision of IT&C equipment. more

01.08.2021

The transaction between Czech energy group CEZ and Australia’s Macquarie Infrastructure and Real Assets (MIRA) is now awaiting approval only from Romania’s Supreme Council of National Defense more

01.11.2018

Romania’s Defense Ministry has signed a contract with Italian vehicle manufacturing company Iveco for the acquisition of 173 military vehicles, the company announced on Thursday. more

12.23.2015

Defense company Romarm, a state-owned manufacturer of weapons and military equipment, exported $94.5 million worth this year, almost 10% more than in 2014. more

11.03.2015

The Romanian government will support investments in defense companies so that they would resume the manufacturing of the products necessary to the National Defense, Public Order, And National Security more

10.13.2015

Romanian defense companies got ammunition and weapons orders worth $215 million in the first half of the year, securing their production by 2019, while some of them will work at full capacity, the more

10.07.2015

Romanian Ministry of Economy, Commerce and Tourism plans to lay off over 800 persons in the defense sector companies between 2015 and 2017. more

07.16.2015

Six aerospace companies want to open plants or relocate production facilities to Romania and the investments might create 15,000 new jobs, says Sorin Encutescu, state secretary with the Economy more

02.11.2015

The Romanian Economy Ministry wants a "real and quick" capitalization of companies in the defense industry, after last year it decided to write off tax debts worth RON1.1 billion (EUR247.915 million) more

11.21.2014

The Romanian government will no longer sell its majority stakes in companies operating in the defense industry, keeping minimum 50% at their privatization, and will focus on strategic investors with more

09.30.2014

Romania's highest defense body CSAT decided Tuesday the Government or parliament must intervene to create the appropriate legislative framework requiring telecom operators to to store identification more

05.21.2014

Prime Minister Victor Ponta has assured United States vice-president Joe Biden that Romania will allocate 2% of the gross domestic product “by 2016" to its defense sector. more

05.13.2014

The Romanian Government has decided to write off tax debts owed by 15 companies in the defense industry that manufacture or sell weapons, ammunition and military equipment, citing the current more

04.28.2014

The implications of the turmoil 450 kilometers away from Romania’s borders are showing in the economy for the first time. more

04.16.2013

French military technology producer Renault Truck Defense, part of Swedish group Volvo, Tuesday signed a memorandum with Romanian company MFA Mizil to cooperate in the production and sale of military more

02.05.2013

Romania’s supreme defense council CSAT on Tuesday decided the country will send ten troops to Mali this year to join the European Union’s military training mission in the African country, the more

09.27.2012

Romania’s Army has limited capacity to accomplish its missions and the Government ought to come up with a multi-annual program to restore its fighting capacity, the country’s high defense council more

09.03.2012

The European Commission has sent letters to Romania, Bulgaria and the Czech Republic to highlight EU laws concerning procurement, over concerns that they might conclude major defense deals to buy more

07.19.2012

Romania’s Supreme Defense Council on Thursday decided to keep the terror alert level at “guarded” (or blue), following a suicide bomber attack that occurred Wednesday on a Bulgarian airport. more