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Romanian tech company OVES Enterprise has entered a strategic partnership with US-based MSI Defense Solutions to develop a new generation of AI-powered anti-drone and anti-missile systems. The collaboration marks a major step forward in defense technology, targeting the growing threat of autonomous aerial attacks on modern battlefields.  MSI is a longstanding partner of the US…

Romanian prime minister Marcel Ciolacu again stated that Romania will not send any soldiers to the front in Ukraine, emphasizing that the commitment to allocate over 2% of the GDP for defense remains essential. The statements were made on Wednesday, April 23, during the Romanian Land Forces Day ceremonies. During the event, the official congratulated…

Romania’s highway network grew by 140 kilometers in 2024, reaching a total of 1,137 kilometers by the end of the year, according to new data from the National Institute of Statistics (INS). The increase comes as part of the country’s broader efforts to improve its transport infrastructure, with highways now making up 6.3% of the…

Bihor County Council announced on Wednesday, April 23, that it signed a contract with Lufthansa for the operation of Oradea-Munich flights beginning this summer. The flights will be operated by Lufthansa CityLine with the Bombardier CRJ 900 aircraft, with a capacity of 90 seats in Business and Economy classes. The German airline will operate three…

The leader of the Romanian far-right party AUR (Alliance for the Union of Romanians), George Simion, has reportedly cleared the signing of a USD 1.5 million contract with BGD Legal & Consulting to buy lobby services in the US aimed at resulting in interviews and meetings with American officials, according to G4media.ro, which published a…

Evomag, the only online store in Romania active on all major marketplace platforms (eMAG, Trendyol, Glovo, Bringo, Tazz, and Decathlon), will soon complete its listing on Skroutz, the most important marketplace in Greece, and estimates an additional increase of at least 10% in sales achieved through this channel for 2025, Economica.net reported. Also, evomag will…

German industrial manufacturer Ebm-papst will invest EUR 30 million in a new production facility and research and development center in Oradea, northwest Romania, Ziarul Financiar reported. The investment will expand the company’s existing operations and mark a new phase of growth for its local subsidiary, Ebm-papst Automotive & Drives Romania. The foundation stone for the…

OMV Petrom and Romgaz, which own 50% of Neptun Deep, will drill a new exploration well in the offshore perimeter under the commitments included in the concession contract, according to Profit.ro quoting preparatory documents.  The companies have reportedly identified two locations for the new well, which is estimated to cost around USD 61-62 million and…

Romanian state-controlled hydropower group Hidroelectrica (BVB: H2O) is hiring consultants to assist it in the acquisition, over a three-year time horizon, of four project companies that develop photovoltaic parks with a cumulative capacity of a maximum of 360 MW, according to Profit.ro. Hidroelectrica targets nine companies, which have a total portfolio of 4 photovoltaic park…

DVI Production, a Romanian company controlled by local entrepreneurs, so far specialising in the manufacture of masonry elements, has opened the largest autoclaved aerated concrete (AAC) blocks production capacity in Europe in Iernut (Mureș County) following an investment of EUR 40 million including a EUR 10 million grant, according to Economica.net. The factory will be…