Otokar, the defense system producing arm of Türkiye’s largest conglomerate, Koç Group, has signed a joint venture agreement with one of Romania’s leading defense companies, Automecanica S.A. to manufacture locally, in Romania, COBRA II 4x4 ATBTU armored vehicles, thus aiding the development of the country’s defense capabilities.
Pakistan reaffirms its unwavering commitment to the purposes and principles of the United Nations Charter. In his message on the occasion of International Day of Multilateralism and Diplomacy for Peace. Deputy Prime Minister and Foreign Minister Ishaq Dar said Pakistan firmly believes that multilateralism, inclusive dialogue and respect for the UN Charter are the cornerstone of global peace and stability. He said Pakistan has consistently upheld the central role of the United Nations as the most inclusive and representative platform for advancing multilateralism. Ishaq Dar said Pakistan remains constructively engaged across all three pillars of the UN's work - peace and security, development and human rights. He said as an elected member of the United Nations Security Council for the term 2025-2026, Pakistan believes that the complex and inter-linked global challenges of our time, many of which stem from violations of the UN Charter, can be effectively addressed through renewed commitment to the multilateral ...
Rompetrol Rafinare has announced it will restart the Low Density Polyethylene (LDPE) unit at the beginning of May amid rising demand for petrochemical products.
Fast-food restaurant chain McDonald’s, present locally in a franchise system, is accelerating expansion in Romania, aiming to open nine units in 2025.
Danish group Hartmann Packaging, a producer of moulded fibre egg packaging, wants to buy Dentas Romania, a subsidiary of Turkish group Dentas Kagit, which has a plant in Tartasesti, Dambovita county.
Paval Holding has officially confirmed the sealing of the acquisition of Ethos House of Floreasca, a building sold by Greek businessman Gkotsis Anastasios.
Local investment fund Underline Ventures, launched in 2002 with a $20 million size, has reached a portfolio of 17 tech startups both in Romania and other countries in the region and is on the lookout for new projects.