Romaero

Minister of National Defense Nicolae Ciuca was in Portugal for a two-day official visit at the invitation of his counterpart, Joao Gomes Cravinho, to set the main steps for the strengthening of the Romanian Air Force F-16 multirole aircraft fleet by the purchase of the next five fighter jets, the Defence Ministry said in a release.

The Government's objective is to see the funds granted for Army endowment returning, as much as possible, to the Romanian economy, so as to contribute to the revival of the national defence industry, through industrial cooperation and technological transfer, Prime Minister Viorica Dancila stated on Wednesday, on the occasion of the signing of a memorandum of understanding between Romaero SA Buc

The Government's objective is to see the funds granted for Army endowment returning, as much as possible, to the Romanian economy, so as to contribute to the revival of the national defence industry, through industrial cooperation and technological transfer, Prime Minister Viorica Dancila stated on Wednesday, on the occasion of the signing of a memorandum of understanding between Romaero SA Buc

Romania is the first country to buy Israel's Iron Dome short-range rocket interception system after the state-owned company Romaero signed a deal on Thursday with Israel's Rafael Advanced Systems.

The deal signed in Bucharest was disclosed by the Israeli manufacturer in a press release to the Israeli media. The Romanian buyer did not release any information.

Seven cars having arrived directly from Frankfurt will be on display for the first time in Romania at the 13th Bucharest Auto Show & Accessories (SAB&Accesorii 2015) to take place over October 1-11 at Romaero Baneasa aerospace company, on a 4,000-square meter area.

In its strategy for the TAROM national air carrier, the Transport Ministry aims either to turn private some of the airline or enter cooperation with a big company, Transport Minister Ioan Rus told the Romanian Senate's Transport Committee on Tuesday, adding that negotiations are underway with the Economy Ministry to take over the Romaero air services provider.

The Romanian Naval Forces participate in the 7th edition of the Bucharest International Boat Show, taking place Wednesday through Friday at ROMAERO Baneasa, announces a National Defence Ministry (MApN) release.

Photo credit: (c) Luisiana BIGEA / AGERPRES ARCHIVE

The High Court of Cassation and Justice (ICCJ, Romania's Supreme Court) sentenced former ministers Codrut Seres and Zsolt Nagy on Tuesday to prison terms in a case on faulty privatizations.

Photo credit: (c) CRISTIAN NISTOR / AGERPRES ARCHIVE

Seres was condemned to 4 years and 8 months in jail, and Nagy to 4 years; the sentences are final.