Otokar to manufacture armored vehicles in Romania under JV deal
Turkish land systems manufacturer Otokar has entered into a joint venture (JV) agreement with Romanian defense company Automecanica to manufacture Otokar Cobra II 4x4.
Turkish land systems manufacturer Otokar has entered into a joint venture (JV) agreement with Romanian defense company Automecanica to manufacture Otokar Cobra II 4x4.
Under the contract, a large number of COBRA II 4x4 vehicles will be manufactured locally in Romania.
Romania's consolidated general budget execution closed the first seven months of 2025 with a nominal deficit of RON 76.44 billion (€15.34 billion), an increase of RON 5.4 billion.
Romanian electricity major Electrica Group has announced a substantial increase in its financial performance for H1 2025, with a net profit reaching RON 421.4 million.
Germany-based energy company E.ON has issued €1.1 billion in green bonds through a public transaction.
Romanian private healthcare operator MedLife has reported a pro-forma consolidated turnover of RON 1.57 billion (€316 million) in H1 2025, a 20.3% increase compared to the same period in 2024.
Sphera Franchise Group, the largest food service group in Romania, announced consolidated sales of RON 745.2 million (€150.3 million) for H1 2025, marking a slight increase of 0.7%.