Category: Uncategorized

Social media platform eYou said it had surpassed 100,000 users eight weeks after its public launch. eYou’s growth has been driven entirely by word of mouth, without any spending on marketing. This fully organic growth has been achieved by a team of just four people, including the platform’s two founders, eYou said. eYou Social (eYou)…

Bucharest mayor Ciprian Ciucu said on Wednesday, July 1, that he is innocent of the bribery charges brought against him by the National Anticorruption Directorate (DNA), saying he has “nothing to hide” and no concerns because he knows he did not accept a bribe. The mayor made the remarks after being placed under judicial supervision…

The president of the far-right opposition Alliance for the Union of Romanians Party, or AUR, George Simion (photo left), announced on Tuesday, June 30, that his party started suspension procedures against centrist president Nicuşor Dan (right). In the announcement, Simion demanded that the head of state appoint a new prime minister this week, “in accordance…

GapMinder, the VC investing in technology startups in Romania and Eastern Europe, is leading a USD 3 million seed funding round in Slovenian startup Codeplain, alongside Silicon Gardens. Codeplain provides an AI-powered platform that generates production-ready software from specifications written in plain language. The new funding will help the company further develop a new approach…

Orange Romania has planned investments of EUR 237 million in Romania in 2026 to expand the mobile network, accelerate fiber deployment, increase the use of AI in network operations, and consolidate cybersecurity. The company has begun implementing locally its global Trust the Future strategy, marking an expansion of its traditional telecom operator model to that of a…

President Nicușor Dan has asked the political parties to meet frequently in the coming period to reach an agreement regarding a majority supporting a new government. The president did not put forth a timeframe for when a new government might be put in place. “I want us to have a new government with full powers.…

A powerful overnight storm caused widespread flooding and damage across the Bucharest area, disrupting road and subway traffic, toppling hundreds of trees, and leaving one person dead. Authorities said emergency services had received nearly 2,000 calls by Wednesday morning, July 1, with hundreds of incidents still awaiting response. The Department for Emergency Situations (DSU) said…

Utility group Electrica (BVB: EL) received the technical grid connection permits for 17 new battery energy storage projects – BESS, with a total capacity of approximately 700 MWh, the company announced in a note to investors and the capital market quoted by News.ro. The projects are scheduled to become operational by the end of 2027.…

Bulgarian ceramic tile manufacturer Izida Ceramica has opened a Romanian subsidiary. The company aims to become one of the top three players in the Romanian market in less than three years, it said, quoted by Profit.ro. Established in 1894 near Sofia, the company has undergone significant modernization in recent years through investments exceeding EUR 30 million…

The Macroeconomic Confidence Indicator of the CFA Romania Association fell significantly, by 7.7 points, in May, reaching a value of 30.5 points, below the neutral 50-point benchmark. The current conditions indicator decreased by 9.3 points to 23.4 points, while the expectations indicator declined by 6.8 points, reaching 34 points. “Amid risk aversion, driven by both external…