ROMANIA > Romania agrees to purchase Raytheon’s Patriot from the U.S. Army spending 2% of its GDP on defense

Raytheon logo Romania has signed an agreement to purchase Raytheon’s Patriot from the U.S. Army paving way for Romania’s Patriot force to rapidly reach Initial Operational Capacity. A purely defensive system that is also the backbone of NATO’s defense including thirteen other nations including the U.S and European nations such as Germany, Greece, the Netherlands, Spain, Patriot is defense against ballistic and More …

ROMANIA > France based Faurecia opens new plant in Romania with $8.48Mn investment

674px-Faurecia_Logo.svg France based car parts manufacturer – Faurecia opens new plant in Romania with €8Mn ($8.48Mn) investment. The latest investment is its fifth plant in Romania. The new factory is expected to produce components for board panels, door panels and the central console in 14,000 sq. meter area.   About Faurecia Faurecia is automotive parts manufacturer. It designs and manufactures seats, exhaust More …