Romania to refurbish 2 frigates for $208 millionStaff writer ▼ | March 17, 2016
Romania will refurbish two frigates with state-of-the-art equipment, as the NATO member moves to modernize its naval fleet to counter Russia's presence in the Black Sea.
Defense industry The King Ferdinand and the Queen Maria
The upgrade will cost 839 million lei ($208 million) and it will be open to companies with at least five years' experience.
Romania bought the King Ferdinand and the Queen Maria, named after a Romanian royal couple, from Britain in 2003.
NATO leaders agreed at a 2014 summit in Wales that each member would spend 2 percent of gross domestic product on defense. Romania will implement the measure in 2017. ■