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Failure at Moreni, success at Mediaş: Rheinmetall enters the Romanian defense industry market

The German arms manufacturer Rheinmetall announced last Thursday that it has taken over 72.5% of the shares of the Romanian vehicle manufacturer Automecanica Mediaş, without specifying the value of the transaction.

Spontaneous protest at the Făgăraş Powder Factory, due to insufficient budget allocation

The employees of the Făgăraş Powder Factory, the only manufacturer of high-power explosives and solid propellants in Romania, spontaneously protested yesterday, accusing this year's poor budget allocation, according to Radio Mureş.

Avioane Craiova Wants To Extend RON51.8M Credit Facility From CEC Bank By Six Months

Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) has called shareholders to decide on extending by six months the contracting of a credit facility under the form of a bank guarantee letter for refunding the advance payment of October 30, 2020, in the amount of RON51.8 million and valid until Jan. 5, 2024, as per a stock market report released on Jan.8.

Romania: MedLife Continues Investments In Robotic Surgery, Acquires da (...)

Romania: Egger Romania Budgets EUR25M Investments For 2024