Category: Uncategorized
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Bucharest introduces app-based smart system to improve public transport for the visually impaired
Bucharest’s public transport operator, Societatea de Transport București (STB), has launched a new system designed to improve accessibility for passengers with visual impairments. The project, which went live on Saturday, July 5, aims to enhance independence, safety, and accessibility by integrating an interactive communication system between users and the city’s transport infrastructure via a dedicated…
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Romanian IT security giant Bitdefender posts profit for 2024
IT security solutions provider Bitdefender, one of the most well-known Romanian IT brands internationally and the largest local software producer, reported revenues of RON 1.67 billion (EUR 330 million), up 62.6% compared to 2023, according to Profit.ro. The company reported a net profit of RON 239.6 million (EUR 47.3 million) in 2024, from a loss…
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Romania remains among high-come countries in World Bank ranking for 2024
Romania remained among the world’s high-income countries in 2024, a group it entered in 2019, according to a ranking by the World Bank. Romania was officially labeled high-income in 2019, but was dragged down in the upper-middle-income group in 2020 due to the effects of the pandemic. The post-pandemic recovery, however, saw the country return…
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Central Romania: Brașov state school approved as Cambridge International School
Andrei Șaguna National College in Brașov has become the first state school in Romania to be approved as a Cambridge International School, marking a significant milestone in the country’s education system. The announcement was made on July 7 by Cambridge University Press & Assessment’s International Education group, according to a press release. With this approval,…
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Romania takes over command of Black Sea Mine Countermeasures Task Group
Romania is set to take command of the Black Sea Mine Countermeasures Task Group (MCM BS TG) for the next six months, with a formal ceremony scheduled for Wednesday, July 9, in the Port of Constanța. The Romanian Naval Forces will assume leadership from their Bulgarian counterparts as part of a regional naval initiative involving…
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Former president, prime ministers reportedly warned of Romania’s out of control deficit since summer of 2024
Former president Klaus Iohannis, former prime minister Marcel Ciolacu, and former Senate president Nicolae Ciucă were reportedly warned that Romania risks default if measures to address its growing budget deficit were not taken, according to an investigation by Europa Liberă Romania. Nevertheless, Romania’s top officials seemed to forego the country’s finances during the 2024 electoral…
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Romania’s far-right AUR takes lead in new parliamentary election poll, hitting 40% support
Romania’s far-right Alliance for the Union of Romanians (AUR) has surged to a record-high 40.5% in voting intention for parliamentary elections, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The poll shows AUR clearly leading the political landscape, with significant distance from other major parties, such as…
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Bucharest Exchange-listed Arctic Stream appoints Florin Mărginean as new CEO
Arctic Stream SA, a Bucharest Stock Exchange-listed provider of IT infrastructure and cybersecurity integration solutions (BVB: AST), has announced the appointment of Florin Mărginean as its new Chief Executive Officer, effective July 7. Mărginean succeeds company founder Dragoș Diaconu, who will remain involved as Chairman of the Board of Directors. Mărginean brings over 25 years…
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Health and education unions to protest Romanian government’s fiscal package outside Parliament
Unionists from the Sanitas Federation and several education sector federations will protest on July 7 in front of the Romanian Parliament against the fiscal measures proposed by the government, which they describe as austerity policies affecting public sector workers, Agerpres reported. Sanitas, which represents healthcare employees, announced its mobilisation alongside other public sector unions. “We…
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Turkish YEO Technology buys 15 green energy projects envisaging EUR 220 mln investments
Defic Globe, a subsidiary of Turkish energy conglomerate YEO Technology, has acquired 15 project companies in Romania developing renewable energy facilities with a combined capacity of 219 MW, Profit.ro reported. The portfolio, which includes battery energy storage systems (BESS) with a total potential of 320 MWh, involves a total estimated investment of EUR 220 million.…