Category: Uncategorized

Greek toy retailer Jumbo is set to open a new store at Rivus Cluj-Napoca, the new EUR 500 million urban reconversion project by Iulius and Atterbury Europe. The project is set to transform a former industrial platform into a complex with a wide diversity of uses – retail, cultural, entertainment, office, and park. The Rivus…

In the context of climate change and the urgent need to develop greener and healthier cities, WWF Romania, in collaboration with the Bistrița and Brașov City Halls, launched the We Love Solutions campaign in the two Romanian cities. The initiative aims to identify and promote innovative solutions proposed by citizens. The campaign runs simultaneously in…

US Ambassador in Romania, Kathleen Kavalec, poured some cold water on the bullish statements of her counterpart in Washington, Andrei Muraru, who concluded that once the visa refusal rate has dropped below 3%, the process is completed. Kavalec informed the Romanian government on October 1, after the meeting with prime minister Marcel Ciolacu, that “there…

Romanian entrepreneur Vladimir Cohn, known for his business in the field of paper manufacturing, is building a new factory in Giurgiu where special paper will be produced to replace plastic bags, Ziarul Financiar announced, quoting the investor. The investment amounts to EUR 75 million, according to the investor, and production could start at the end…

The Romanian coffee shop chain ‘5 to go’ is set to launch operations on the market of the Republic of Moldova by inaugurating the first unit on October 8, Mold-street.com announced, quoting the company’s co-founder, who mentioned bureaucratic barriers higher than in Bulgaria or Hungary. The business is developed in Moldova in partnership with two…

Romania failed to generate high interest from Japanese investors with the green Samurai bonds denominated in yen, which it launched on September 29, and will have to give up some of the maturities envisaged while shifting up the indicative yield targets, according to Bloomberg and Profit.ro. Romania tagged the planned issue as “green,” expecting investors…

The National Bank of Romania (BNR) does not consider that the objective of joining the single currency system is not feasible before fiscal consolidation, BNR governor Mugur Isarescu said on October 1 while speaking in front of lawmakers at the hearings for a new term at top of the central bank. Increasing taxation is not…

The joint session of the two Chambers of the Romanian Parliament approved, on October 1, the management structures of the National Bank of Romania (BNR), as well as those of the Financial Supervision Authority (ASF) and the National Broadcasting Council (CNA), according to Bursa.ro. BNR governor Mugur Isarescu (75), who remained in his seat after…

The US official export credit agency, EXIM Bank, has approved a financial commitment of up to USD 99 million to support the development of Romania’s 462 MW small modular reactor, or SMR, project near the village of Doicești. The funds are designated for RoPower Nuclear SA, a joint venture equally controlled by the state-owned company…

At a time when our thirst for knowledge is growing, as is the amount of content available online, the use of AI summarization tools is becoming increasingly common. Let’s take a look at how these AI tools are emerging as a time-saving solution for our busy schedules.  Why AI summarizers are gaining popularity  The amount…