Category: Uncategorized

Romanian venture capital fund Early Game Ventures has announced a seed investment of EUR 1 million in Orbital Matter, a promising space-tech startup specializing in advanced construction technology for use in space. With the new investment, the startup aims to reach TRL 8, the “flight-qualified” certification, during its next product launch into space. Orbital Matter…

Local authorities in Buzău, southern Romania, plan to transform green areas into fruit tree orchards, providing people with access to natural, untreated products. The project titled “Orașul Comestibil” (“the Edible City”) is inspired by New Zealand as well as cities of the European Union. Apple, pear, plum, and cherry trees, as well as fruit bushes or…

The Roman amphitheater at Ulpia Traiana Sarmizegetusa was officially reopened to the public on Friday, August 8, following a major conservation and restoration project funded by the European Union. The event, organized by the Hunedoara County Council under the name “Open Doors Day,” celebrated the completion of work aimed at preserving and enhancing one of…

Romanian open-water swimmer Avram Iancu announced Friday, August 8, that he has successfully swum across Europe along the famous Rhine–Main–Danube waterway, from the North Sea to the Black Sea. The 4,448 marathon swimming, completed in three stages over a total of 170 days without a wetsuit, marks what he says is a world first: crossing…

The construction project for Romania’s second subway network, in Cluj-Napoca, is moving forward with the launch shaft for the boring machines.  The Turkish general contractor Gulemark announced that building began for the launch shaft for the tunnel boring machines on August 11. This is the essential underground structure from which the subway galleries will be…

Romanian athletes won one gold medal and one bronze medal on Sunday, August 10, at the Under-19 World Rowing Championships in Trakai, Lithuania. The gold was claimed by Teodora Lehaci and Denisa Mihaela Vasilică in the women’s pair, with two seconds ahead of the silver medalists from Uzbekistan. The bronze medal was won by the…

Romania’s central bank on August 8 announced it has maintained the monetary policy rate at 6.5% given the already higher-than-expected inflation in June, but particularly the expected price shock prompted by the electricity price in July, following the market liberalisation, and the VAT rate hike. Accordingly, the inflation will surge “markedly” in Q3, but will…

The Polish retailer of modern convenience stores Żabka Group, which operates the Froo retail chain, has increased the capital of its Romanian subsidiary Froo Romania Holding by EUR 14.5 million, according to Economica.net. The retailer has opened 100 stores in Romania within the first year of operations. The capital increase reduces the stakes of the…

The Romanian government abandoned plans to approve on August 8 a draft law to regulate the disbursement of private pensions, because of the protests coming from consumer associations and politicians, according to Ziarul Financiar. The opponents particularly challenge a provision restricting the disbursement of over 25%  of a personal pension account at the retirement age.…

Interim president of the Social Democratic Party (PSD) Sorin Grindeanu will face an internal leadership contest after senator Titus Corlățean declared on August 8 that he will run for the party’s top position, Antena 3 reported, quoted by G4Media.ro. Corlățean said the PSD “needs credibility” and “well-trained people” to relaunch the party, stressing that he…