As reported by AP
Romania and the German defense company Rheinmetall have signed an agreement to build a gunpowder factory in the country, a significant step in the development of the defense sector and industrial cooperation in Europe.
According to reports circulating in the media, the agreement provides for the creation of a joint venture that will oversee the construction and operation of the factory in the city of Victoria. The plan is to start implementing the project as early as 2026, with the duration of works estimated at about three years, and the plant is expected to create around 700 jobs.
According to Prime Minister Ilie Bolojan, this is a signal that Romania is gaining the status of a serious partner and has the potential to become a player in Southeast Europe’s defense industry.
Details of the deal and prospects
«After many years when our defense industry was in low demand, Romania is entering a new phase due to the security situation in Eastern Europe. I am glad that Rheinmetall regards us as an important and serious partner and is strengthening its presence in Romania»
– Ilie Bolojan
The Rheinmetall CEO Armin Papperger stressed that the powder for ammunition to be produced at the plant “is needed around the world, and especially in Europe,” and will make Romania a key player in the continent’s defense ecosystem.
“The strategy is to make Romania an integral part of the European ecosystem. Romania will also be an integral part of the NATO ecosystem,” said Rheinmetall’s CEO.
«The strategy is to make Romania an integral part of the European ecosystem. Romania will also be an integral part of the NATO ecosystem»
– Armin Papperger
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