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November in numbers

• November 1

Călin Georgescu - blocked on the way to Cotroceni

The end of the calendar autumn was marked by the presidential and parliamentary elections that took place on November 24 and December 1. For this reason, in order to increase its chances before the election and to maximize the chances of its own...

ASIAA President, Constantin Bucuroiu: "We are currently facing an acute shortage of personnel in the national defense industry, even though, based on memoranda, the Government has ordered the hiring of personnel at Carfil Braşov, Cugir Mechanical Plant, Drafomireşti Mechanical Plant and Mija Mechanical Plant. The shortage of personnel is acute, if we take into account that, in the case of subordinate companies, 1,390 employees out of the 5,600 are retired, i.e. 25%.

National defense industry - modernization with retirees

The revitalization of the national defense industry is achieved with employees who are at or past the retirement age, Constantin Bucuroiu, president of the Alliance of Trade Unions in the Defense and Aeronautics Industry, told the BURSA...

In her speech, von der Leyen put particular emphasis on Roxana Mînzatu's role in the new European Commission. The Executive Vice-President will have the mission of leading European policies related to the development of citizens' skills, education and adapting the workforce to the challenges of the future.

European Parliament approves new European Commission: Roxana Mînzatu, Executive Vice-President

Yesterday, in the plenary session in Strasbourg, the European Parliament approved the new European Commission for the 2024-2029 term, led by Ursula von der Leyen. The vote marks a landmark moment for Romania, as Roxana Mînzatu officially becomes...

Colaborare româno-coreeană pentru dezvoltarea industriei de apărare

Hanwha Aerospace a anunţat, ieri, în cadrul conferinţei Land Warfare Europe de la Bucureşti, deschiderea filialei Hanwha Aerospace România, companie menită să ajute la dezvoltarea industriei de apărare din ţara noastră şi la realizarea...

Romanian-Korean collaboration for the development of the defense industry

Hanwha Aerospace announced, yesterday, during the Land Warfare Europe conference in Bucharest, the opening of the Hanwha Aerospace Romania branch, a company designed to help the development of the defense industry in our country and the transfer...

Ukraine's economy supported by construction, transport and manufacturing

Ukraine's economy grew by 4.2% in the first ten months of 2024 compared to the same period in 2023, thanks to the construction, transport and manufacturing sectors, the country's Economy Ministry announced, according to...

We need an industrial "renewal", based on the three great trends of the 21st century: digitalization, decarbonization and circular economy. (Collage by MAKE)

The Letta Report and the Draghi Report versus Romania

In 2024, two reports were published, prepared at the request of the European Commission. The first report, coordinated by Enrico Letta, is entitled "More than a Market" and refers to the transformation of the single market into a true...

Nikolai Patrushev, president of the Maritime College of the Russian Federation, states that Russia's naval strategy involves expanding the presence of its military ships on all oceans of the globe, including cooperation with BRICS member states. (Photo source: https://eng.mil.ru/en/structure/forces/strategic_rocket/media/photo/gallery.htm?id=17518@cmsPhotoGallery)

Escalating tension in the Black Sea: Russia threatens NATO with measures against non-littoral ships

Although the Western media and certain experts have suggested that Ukraine, with the support of Western weaponry, has significantly undermined the capabilities of the Black Sea Fleet, Nikolai Patrushev, president of the Maritime College of the...

Military crisis in Europe: although allocated budgets are increasing, defense remains fragile

Europe faces a significant shortage of military personnel and an insufficiency of defense capabilities, despite increased spending on this sector since the beginning of the Russian-Ukrainian conflict, according to a report prepared by the British...

Olaf Scholz said: "Politics starts with looking at reality. And the reality for Germany is: the war ofRussia's aggression against Ukraine profoundly changed the security situation for years to come. I have tolet's invest much more in our defense and in the Bundeswehr". (Photo source: facebook / Olaf Scholz)

Political crisis in Germany: Olaf Scholz breaks the governing coalition because of Ukraine and asks for the support of the Bundestag

In a context of economic uncertainty and growing political tensions, the Chancellor of Germany, Olaf Scholz, made an unexpected move: the dismissal of the Minister of Finance, Christian Lindner, a decision that means the rupture of the governing...

Israeli High-Tech: Economic growth in times of crisis

In a context of extreme adversity, Israel's high-tech sector has demonstrated a remarkable capacity for resilience and growth, according to a report on the industry by https://finder.startupnationcentral.org/ and posted on editorial address...

Stocks listed on the Tel Aviv Stock Exchange are performing despite the war in the region

Shares on the Tel Aviv Stock Exchange, Israel's only stock exchange, have risen steadily since the start of the conflict with Hamas, which has now expanded on several fronts, despite the country's downgrade, growing deficit and persistent...

The number of companies with Israeli capital in Romania has tripled since the start of the war in Gaza.

How does the war in the middle east benefit our economy?

In the context of the current economic and political tensions in Israel, generated in particular by the war with Hamas that began on October 7, 2023, the impact on Romania's economy is considerable, considering the close economic relations...

The sheep says "I die, I die, I die!" (Drawing by MAKE)

Duplicity: Romania is in no hurry to apply EU sanctions against Russia

More than 30 months after the aggression illegally launched by the Russian Federation in Ukraine, the Government and the Parliament in Bucharest still do not have the necessary legislation - with a small exception regarding the powers of the...

The Tel Aviv Stock Exchange, on the rise after a year of war

The Tel Aviv Stock Exchange has gone through a period marked by volatility since October 7, 2023, but despite this, investors have maintained a cautious optimism, according to an article published yesterday by the website www.calcalist .co.il....

Bucharest, the capital of cyber security experts

Bucharest will become the capital of cyber security specialists for a few days. More than 2,000 international experts are meeting in Bucharest, on November 28 and 29, at the DefCamp regional conference, to analyze the new challenges and solutions...

UE schimbă radical regulile de finanţare pentru industria de apărare

Uniunea Europeană doreşte o modificare radicală a regulilor de finanţare pentru companiile din industria de apărare din cele 27 de state membre, arată un material publicat de site-ul Euractiv.com, pe baza unui document aflat în lucru la Comisia...

The EU is radically changing the funding rules for the defense industry

The European Union wants a radical change in the financing rules for companies in the defense industry in the 27 member states, according to a material published by the website Euractiv.com, based on a document currently in the works at the...

The Romanian army needs ammunition

The Romanian Army has run out of combat ammunition, following the military support given to Ukraine, according to the press release issued by the Presidential Administration following yesterday's meeting of the Supreme Council of Defense of...

CITR: The Covid 19 pandemic - one of the causes of Damen Mangalia's insolvency

The insolvency procedure of the Damen Mangalia Naval Shipyard (DSMa) was caused, among other things, by the Covid 19 pandemic which led to the cancellation of some contracts that the company was going to execute, Florin Constantin, Senior Partner...

B9 Defense Ministers demand a NATO response to the illegal overflight of Russian drones

The Ministers of Defense from the member states of the Bucharest Format 9 (B9) request NATO to react robustly regarding the illegal overflight of the Eastern Flank of the alliance by Russian drones, said Angel Tîlvăr, the Minister of National...

Roxana Mînzatu - Executive Vice-President for People, Skills and Training, European Commissioner for Professional Skills, Education and Culture, Jobs, Social Rights and Demography. As executive vice-president of the European Commission, Roxana Mînzatu will lead the work on the Union of Competences and the European Pillar of Social Rights.

Premiere: Premiere: Romanian MEP - Vice-President of the European Commission

Roxana Mînzatu, the Ciolacu government's proposal for the position of European Commissioner from Romania, was nominated yesterday by Ursula von der Leyen, the president of the European Commission, as one of the six vice-presidents of the...

According to Breton's allegations, in the final stages of negotiations to form the new college of commissioners, von der Leyen allegedly asked French President Emmanuel Macron to withdraw Breton from the new team, giving France a more influential portfolio in return.

Accusations of questionable governance against Ursula von der Leyen

Thierry Breton will no longer occupy a position of European Commissioner in the structure of the new Commission, after Ursula von der Leyen asked Emmanuel Macron to replace the representative of France in the Community Executive. Under these...

Mars: "Din punct de vedere macroeconomic, efortul de apărare nu are o limită optimă fixă, exprimată ca procent din PIB. Totul depinde de ameninţările cu care se confruntă o naţiune şi de dimensiunea sa. NATO recomandă o ţintă de 2% din PIB pentru cheltuielile de apărare, însă, în timpul Războiului Rece, această valoare era de cel puţin 3%".

Analiză Mars: "Statele europene trebuie să investească masiv în industria de apărare"

Statele europene care trăiesc sub ameninţarea Federaţie Ruse trebuie să investească masiv în capacităţile de producţie din industriala naţională de apărare, afirmă o analiză a think-tank-ului Mars (fostă Fundaţia 2 Martie - 2-Mars) publicată în...

Mars: "From a macroeconomic point of view, the defense effort has no fixed optimal limit, expressed as a percentage of GDP. It all depends on the threats a nation faces and its size. NATO recommends a target of 2% of GDP for defense spending, however, during the Cold War, this value was at least 3%".

Mars analysis: "European states must invest massively in the defense industry"

European states living under the threat of the Russian Federation must invest massively in the production capacities of the national defense industry, says an analysis by the think-tank Mars (formerly the 2 March Foundation - 2-Mars) published in...

The view of President Recep Tayyip Erdogan's administration is that the geopolitical center of gravity is shifting away from developed economies, according to Bloomberg sources, who note that the country's new diplomatic push reflects its aspirations to cultivate ties with all parties in a multipolar world, while fulfills obligations as a key member of the North Atlantic Treaty Organization (NATO). (Photo source: facebook / Recep Tayyip Erdogan)

Rejected for decades by the European Union, Turkey opts for BRICS; will it stay in NATO?

Turkey has formally applied to join the BRICS group of emerging nations, seeking to strengthen its global influence and forge new ties beyond its traditional Western allies, according to sources cited by Bloomberg.

Managerii unor fonduri de capital de risc urmăresc industria apărării, în vederea identificării unor oportunităţi de investiţii în start-up-uri de profil

Industria apărării - pe radarul unor fonduri de capital de risc din ţara noastră

Managerii unor fonduri de capital de risc din ţara noastră urmăresc industria apărării pentru identificarea unor oportunităţi de investiţii în start-up-uri din sector sau au realizat investiţii în tehnologii care, deşi nu sunt dezvoltate în...

Ursula von der Leyen says EU must prepare for defence. (Photo source: www.commissioners.ec.europa.eu.)

Von der Leyen: "We need major investments to be able to protect ourselves from any attack"

Investments in the European defense industry are necessary for EU member states to have the necessary means to protect themselves and to repel any attack against them, Ursula von der Leyen, President of the Commission, said last Friday in Prague...

The defense industry - on the radar of some venture capital funds in our country

The managers of some venture capital funds in our country follow the defense industry to identify investment opportunities in start-ups in the sector or have made investments in technologies that, although not developed for military security...

Former Israeli Air Force commander launches defense technology fund

Ventura Capital - with an eye on military security business

Donald Trump's possible return to the White House has helped spur a wave of investment in defense technology startups across Europe, eight top industry investors and executives say, according to a Reuters story last week.

Nicu Fălcoi a precizat: "De-a lungul timpului, industria de apărare din România a fost profund politizată. La conducerea companiilor din subordinea Romarm au fost puşi oameni care numai oameni de afaceri nu erau, care nu ştiau cum să aducă pe profit o astfel de companie. De aceea, majoritatea companiilor de stat din industria de apărare sunt pe pierdere, ministrul Economiei, Radu Oprea, a venit cu o strategie privind acest domeniu, dar e o declaraţie de bune intenţii şi cam atât".

Nicu Fălcoi: "Singura soluţie este privatizarea companiilor de stat din industria de apărare"

Singura soluţie este privatizarea companiilor de stat din industria de apărare aflate în subordinea Romarm, dacă dorim ca acest sector de activitate economică să se modernizeze şi să devină unul competitiv, ne-a transmis deputatul Nicu Fălcoi...

Constantin Bucuroiu: "Ca să asigurăm necesarul de producţie trebuie să investim în linii moderne de fabricaţie, care vor duce la un salt calitativ privind realizările fiecărei companii".

Constantin Bucuroiu: "E nevoie de o finanţare de 250 milioane euro în industria de apărare"

Industria de apărare din ţara noastră are nevoie urgent de o finanţare de 250 milioane euro pentru a se retehnologiza şi moderniza, susţine Constantin Bucuroiu, preşedintele Alianţei Sindicatelor din Industria Apărare şi Aeronautică (ASIAA)....

Deşi activitatea principală a şantierului naval Damen Galaţi, unde sunt angajaţi 1500 de oameni şi care anul trecut a înregistrat un profit de 31,3 milioane lei, este construcţia de nave militare şi comerciale, guvernele care s-au succedat la Palatul Victoria în ultimii zece ani au părut mai preocupate de jocurile politice decât să înzestreze în mod real Forţele Navale Române cu vasele de război necesare

Şantierul Naval Damen - ignorat de statul român pentru dezvoltarea industriei de apărare

Damen Shipyards Galaţi reprezintă un caz atipic pentru modul în care autorităţile centrale înţeleg să colaboreze cu societăţile trăine care au deschis filiale în ţara noastră, colaborare care să ducă la înzestrarea Armatei Române.

Nicu Fălcoi stated: "Over time, the defense industry in Romania has been deeply politicized. People who were not only businessmen were put in charge of the companies subordinated to Romarm, who did not know how to bring such a company to profit. That's why most of the state companies in the defense industry are losing money, the Minister of Economy, Radu Oprea, came up with a strategy regarding this field, but it's a statement of good intentions and that's about it".

Nicu Fălcoi: "The only solution is the privatization of state companies in the defense industry"

The only solution is the privatization of the state companies in the defense industry subordinated to Romarm, if we want this sector of economic activity to modernize and become a competitive one, deputy Nicu Fălcoi (USR), vice-president of the...

Constantin Bucuroiu: "In order to ensure the necessary production, we must invest in modern manufacturing lines, which will lead to a qualitative leap regarding the achievements of each company".

Constantin Bucuroiu: "We need a financing of 250 million euros in the defense industry"

The defense industry in our country urgently needs a financing of 250 million euros to retechnology and modernize, claims Constantin Bucuroiu, the president of the Alliance of Trade Unions in the Defense and Aeronautical Industry (ASIAA)....

During all this time, the Damen Galati Shipyard has built several logistic support ships for the Royal Dutch Naval Forces, patrol ships (corvettes) for the Pakistani Navy, but also for the Mexican Naval Forces and the Portuguese Naval Forces.

Damen Shipyard - ignored by the Romanian state for the development of the defense industry

Damen Shipyards Galaţi is an atypical case for the way in which the central authorities understand to collaborate with foreign companies that have opened subsidiaries in our country, collaboration that leads to the endowment of the Romanian Army....

Mr. Aurel Cazacu pointed out: "In my opinion, even if we are under the umbrella of NATO, we must equip ourselves militarily, because that endowment has three purposes: deterring the enemy, increasing the confidence of the population and economic development".

Aurel Cazacu: "If the Russians attack us, we only have ammunition for two or three days"

The defense industry in our country does not produce as much as it is needed, and this fact leaves us exposed to an armed attack from Russia, military expert Aurel Cazacu, former director general of Romarm, told us.

The conflict in Ukraine and the one in the Middle East forced the states and companies in the defense industry to adapt their strategies and invest massively in the development of new technologies and military capabilities.

The armaments industry - the new attraction for companies and investment funds

• Evolution of the romanian defense industry in the context of the new arms race

Although manufacturing more weapons and increasing ammunition stockpiles are expensive, NATO member states have the financial resources to do so according to a recent report by the International Institute for Strategic Studies which states that "overall, total NATO spending increased by 11% in 2024 , compared to 3 percent in 2023," and that the increase was larger among NATO's European members, "which increased their combined military spending by 19 percent in real terms in 2024."

The war in Ukraine - financial boom for European defense companies

Longer-term concerns about how Russia is acting not only on the front in Ukraine, but also in the Middle East and the Far East have led European NATO member states to embark on an extensive program to increase their own weapons stockpiles, fact...