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Databricks, an artificial intelligence company based in the United States with two Romanians among its founders, is launching an accelerator to finance artificial intelligence startups. Up to USD 250,000 is available for small companies. The funds can come in several forms, including cash, credits for using the Databricks platform, and credits from external providers verified…

The government has reportedly been sued for failing to organize the election for Bucharest mayor within the legal deadline of 90 days from the vacancy of the post, according to Antena3.ro. The authors of the complaint are not disclosed, but the reformist party USR has previously expressed discontent with the delays.  The ruling coalition has…

Romania’s isolationist party AUR consolidated its leading position in two polls carried out by Avangarde and CURS, although the scores and the advance versus the primary challenger – the Social Democratic Party (PSD) – differ significantly between the two estimates.  The isolationists’ leading position, still not challenging the combined score of the four parties in…

Romania’s public debt surged by RON 21.5 billion in May alone and by RON 70.7 billion year to date, reaching RON 1.035 billion (EUR 204.1 billion) or 57.8% of GDP at the end of May, according to data published by the Finance Ministry.   Romania’s public debt rose by RON 70.8 billion (EUR 14 billion)…

The giant Procter & Gamble recently started a production line in Romania, at the Urlați factory in Prahova County, according to Revistaprogresiv.ro. The company will produce Lenor scented pearls here, one of the company’s latest innovations in fabric care. Four years ago, the company inaugurated a factory for Ariel PODs detergent capsules in Urlați. Procter…

The CFA Romania Association’s Macroeconomic Confidence Indicator increased by 2.3 points in August, to a still very modest level of 37.2 points, with both components (current conditions and expectations) in the recessionary side of the 0-100 point scale. The indicator bottomed out in July after the newly formed government pushed the first package of budgetary…

The first package of budgetary measures legislated in July will have an impact of 3% of GDP on the next year’s general government’s budget, bringing it down to  6% of GDP, prime minister’s adviser Ionut Dumitru, Raiffeisen Bank chief economist and former Fiscal Council head, told Digi24. His statements come in the context of the…

Amsterdam’s H’ART Museum has opened a major solo exhibition dedicated to the work of Romanian-born sculptor Constantin Brâncuși this past weekend. The landmark cultural event is realized with the support of the Romanian Cultural Institute (ICR) and in collaboration with Centre Pompidou in Paris. The exhibition, titled Brâncuși, The Birth of Modern Sculpture, runs from…

Dedeman, Romania’s largest home improvement and construction retailer, announced on Monday, September 22, that it will expand into the Republic of Moldova, marking its first entry into the neighboring market. The company said its presence across the border will deepen economic links between the two countries and confirm Moldova’s growing attractiveness for major foreign investors.…

Romania has collected EUR 5.7 million in insurance compensation after four cultural treasures, namely the famed Dacian Helmet of Coțofenești and three gold bracelets, were stolen earlier this year from the Drents Museum in the Netherlands, the Ministry of Culture announced. The amount represents the insurance value, not the actual value of the items, and…