News about Industry
Attempts to convert struggling automobile plants into production sites for military drones could end in failure and prove costly to taxpayers. That is the view of Eisaku Ito, CEO of Mitsubishi Heavy Industries.
The NATO summit in Ankara, scheduled for July 7–8, will focus on steps to increase defense spending, as well as the alliance’s efforts in the areas of deterrence and defense. Burhanettin Duran, director of communications for the Turkish presidency, made this statement on Sunday.
Electric vehicle batteries last significantly longer than expected just a few years ago. New data shows that battery life is becoming one of the key factors reshaping perceptions of electric vehicle ownership.
One of Georgia’s largest industrial projects—the oil refinery in Kulevi—will completely cease processing Russian crude oil starting in August–September 2026. This was announced by Black Sea Petroleum, the company that operates the facility.
Many European Union countries, starting with Germany, believe that increasing defense spending will automatically create the necessary conditions for ensuring Europe’s security.
Indian authorities have launched an investigation following reports of a leak of confidential information from a Tata Group subsidiary that is part of Apple’s supply chain.
A few days before the NATO summit in Ankara, the German chancellor and the leaders of the Baltic states agreed in Berlin to strengthen deterrence against Russia, increase defense spending, and expand aid to Ukraine.
The American automaker Ford has rehired about 350 experienced engineers after reevaluating its approach to production automation following several years of vehicle quality issues. The company has concluded that digital tools, including artificial intelligence-based systems, cannot replace accumulated engineering expertise and should be used in conjunction with the experience of specialists.
Parliament has established an investigative commission to review the operations of state-owned enterprises. The commission consists exclusively of lawmakers from the ruling PAS party’s faction. The opposition refused to nominate its own representatives, since leadership and control remain in the hands of the ruling party.
The Volkswagen crisis is no longer just a problem for a single automaker. Large-scale layoffs and the possible closure of plants in Germany are becoming one of the most visible signs of the structural decline of European industry, which is rapidly losing ground to its Chinese competitors.
Igor Grosu, Speaker of Parliament and leader of the PAS party, provided details regarding the exclusion of Petru Bondar, director of the state-owned company Metalferos, and his brother from the formation.
The French haute couture house Chanel has announced the acquisition of the Paris-based shirtmaker Charvet—one of the world’s oldest menswear brands, founded in 1838. The terms of the deal have not been disclosed.
In the second quarter of 2026, 854 million lei were injected into the country’s economy through the Credit Guarantee Fund, which is administered by the Organization for Entrepreneurship Development (ODA).
The government has approved granting industrial park status to the limited liability company Parcul Industrial Multifuncțional din Ocnița (“Ocnița Multifunctional Industrial Park”). This initiative aims to stimulate regional economic development, attract investment, and create new jobs in the northern part of the country.
“The European Union cannot ‘kill its own industry because of climate change,'” said Manfred Weber, chairman of the European People’s Party, amid a grueling heat wave that has swept across Europe, claimed about 1,300 lives, and reignited the debate over the bloc’s climate policy.
Markus Perestrelu, President of the NATO Parliamentary Assembly, emphasized the need to strengthen the defense capabilities and develop the defense industries of the alliance’s member countries.
The European Anti-Fraud Office (OLAF), in collaboration with Italian law enforcement agencies and Turkish customs authorities, has uncovered a scheme involving the illegal export of approximately 7,100 metric tons of textile waste from Italy to Turkey. According to investigators, the organizers circumvented costly environmental regulations by passing off the waste as reusable textiles.
The Competition Council has begun reviewing a merger between the two companies to determine whether the resulting economic concentration in the fruit and vegetable processing market is compatible with a normal competitive environment.
The El Niño weather phenomenon could lead to a decline in sugarcane production in India and a reduction in sugar exports, which could cause global sugar prices to rise.
An official letter from the Association of Grain Exporters and Importers “Agrocereale” addressed to the Ministry of Infrastructure and Regional Development, the Ministry of the Interior, the General Inspectorate of Police, the National Road Transport Agency, the Customs Service, and the State Road Administration.
