Ministry of Economy

The debts owed to the Treasury by Romaero, a strategic state defense company specializing in aeronautics and insolvent since January, will be assumed by the Authority for the Administration of State Assets (AAAS). This institution, which…

The Ministry of Economy, Entrepreneurship and Tourism (MEAT) is running a new outdoor campaign to promote the destination Romania in Rome and Milan. "Italy, let yourself be surprised by Romania! MEAT is running a new outdoor campaign to…

Fondul Proprietatea has urged the Ministry of Economy, Energy, and Business Environment, as majority shareholder of Hidroelectrica, to thoroughly consider the risks of acquiring CEZ assets and reject the Company’s request to submit a…

With a rich history of over 130 years, Romania’s Aversa, one of Central and Eastern Europe’s leading manufacturers of pumps, is closed, Canadian businessman Michael Topolinski, factory owner, announced, according to a press release. “As…

Algeria is interested in the products and services offered by the companies in the Ministry of Economy portfolio, activating in the defense industry, a press release informs. It is the main conclusion of the mixed economic mission,…

The Romgaz file, which investigates the company’s embezzlement, was referred to court by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors. The case is to be resolved by the Supreme Court. The defendants…

Romania exported in the first ten months of 2016 clothing and accessories worth EUR 2.41 billion, by 1.2% more than in 2015, data centralized by the National Statistical Institute (INS) reveal. The imports of clothing and accessories…

Airbus Helicopters, the helicopter manufacturing division of giant Airbus Group, sent an official letter to local IAR - Ghimbav Brasov, requesting information related to the memorandum recently signed between the leading company in the…

The budget required for full implementation of the Competitive Romania strategy is EUR 18 billion and represent about 10.7 percent of this year’s GDP and only about 10 percent of the average GDP for the 2016-2020 period, according to the…

Moreni plant and the German producer Rheinmetall Landsysteme have signed the shareholders’ agreement to set up a Romanian-German joint venture in order to manufacture armoured personnel carriers 8x8 as part of the national defence industry.…