More
    HomeNewsLatest NewsRomania should steer more of its defence spending into local industry, says...

    Romania should steer more of its defence spending into local industry, says Minister Ciuca

    Published on

    Romania’s defence spending of two percent of its Gross Domestic Product (GDP) for ten years should be found increasingly more in investments in the Romanian industry, in modern production facilities and highly qualified jobs created in the country, National Defence Minister Nicolae Ciuca said on Thursday.

    “We have made available to the Ministry of Economy, the government institution that coordinates the defence industry and with which we have an excellent collaboration, the 10-year projection of our acquisition plans and the funding of these programs, so that business operators active in this sector can adjust their development strategies for the requirements and acquisitions of our armed forces,” Ciuca said at a meeting with representatives of the Alliance of Trade Unions of the Defence and Aeronautical Industry (ASIAA).

    According to a press statement released by the Defence Ministry, the meeting revolved around the idea of revitalising the Romanian defence industry so that it would be able to supply the Romanian Army with weapons, equipment and technology designed and manufactured at the level of technological development currently existing on the world market that live up to the standards that meet the requirements formulated by our army branches and ensure interoperability in a NATO context.

    The goal involves the development of a collaborative relationship between the national defence industry and the Ministry of National Defence, a relationship that must be developed by launching investment programmes in upgrading production lines of equipment and weapons, building partnerships with foreign companies, but also through know-how transfers between the research units of the army and the companies in the defence industry.

    Via Agerpres

    Latest articles

    Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

    Romania could attract an additional 1 billion euros in annual private investment for its...

    Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

    Romania's energy transition and grid expansion efforts depend as much on human resources as...

    George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

    Romania has become a practical example of how renewable energy expansion and traditional energy...

    More like this

    Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

    Romania could attract an additional 1 billion euros in annual private investment for its...

    Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

    Romania's energy transition and grid expansion efforts depend as much on human resources as...