Category: Uncategorized

A number of six bidders submitted projects to get grant financing under a EUR 200 million grant scheme operated by Romania and aimed at supporting the development of PV panels and power storage battery plants, Profit.ro reported.  The scheme is financed by the National Resilience Facility (PNRR), and the projects should be completed by mid-2026.…

Two cybersecurity startups, Zero Code and Pentest Copilot, have been selected from over 80 teams that participated in Innovation Labs 2024 to receive a total of EUR 500,000 in funding from Early Game Ventures.  Both startups are active in cybersecurity, a technological sector that requires continuous innovation due to the increasingly complex global security landscape,…

OLEA, a restaurant with an innovative culinary concept, opens its doors in an emblematic area of Bucharest, within the premises of the JW Marriott Bucharest Grand Hotel. With a delightful blend of flavours and influences, OLEA aims to redefine tastes in a unique and captivating way. The total value of the investment is estimated at…

Bucharest authorities took the first steps towards the construction of the M7 Voluntari-Bragadiru subway line, aiming to connect District 5 with the center of Bucharest. The first stages of the project initiated by District 5 City Hall involve launching the procurement procedure for the feasibility study for this project. District 5 is the only district…

Transalpina, one of Romania’s most famous tourist mountain roads, reopens for traffic this weekend, on June 1, the general director of CNAIR, the company that manages the road infrastructure, announced in a post on social media.  A CNAIR committee checked the condition of the road and decided it was safe to reopen it on June…

Inter-Computer Group (ICG), a leader in the technology solutions in Central and Eastern Europe, and one of the largest IBM Platinum Partners in the region, is expanding its operations to the Romanian market starting this year. With a primary focus on integrating IBM products, especially in the financial-banking sector, the company aims to achieve a…

FintechOS, a leading end-to-end financial product management platform originating in Romania, announced the successful completion of a USD 60 million Series B+ investment round.  The new funding round comes as FintechOS celebrates significant business achievements, including a 40% year-over-year growth and a 170% increase in operating margins. The company is on track to achieve break-even…

InterContinental Athénée Palace announces the opening of Roberto’s restaurant terrace for the summer season and the debut of a new summer menu created by Executive Chef Yevgen Denysenko together with Roberto’s Chef Andrei Androne and their team. Just like every year, hotel guests and Bucharest residents alike will be able to enjoy classic Italian dishes…

Romanian swimmer David Popovici won the 200m freestyle event at the recent Mare Nostrum meet in Barcelona, with a time of 1 minute 44.74 seconds. He set a new competition record, which had stood for nearly 20 years. The former Mare Nostrum circuit record for the 200m freestyle was held by German Paul Biedermann, with a…

Innoship, part of the Alsendo Group and a leading tech-enabled SaaS delivery management solution, is announcing a new strategic partnership with Dr Max  Group, the leading pharmacy chain in Central Europe. This collaboration signifies a landmark in retail and technology, aligning with the objectives of both companies to enhance efficiency and customer experience in the…