Category: Uncategorized
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Far-right party leader Diana Șoșoacă submits bid for Romanian presidency despite previous rejection
Controversial far-right politician Diana Șoșoacă, an MEP and president of SOS Romania party, submitted her candidacy for the May presidential elections on Thursday, March 13, at the Central Electoral Bureau (BEC) in Bucharest. This is Șoșoacă’s second attempt to enter the presidential race after the Constitutional Court rejected her candidacy in last year’s elections. At…
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Verita International School in Romania attracts EUR 40 mln investment through partnership with Dukes Education
Verita International School, a private school accredited in the UK system with a curriculum that addresses holistic and social-emotional education, has partnered with Dukes Education, the largest group of schools in the UK. As a result of this collaboration, Verita pupils now have access to all the facilities offered by the education network, and EUR…
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Romanian startups can apply for EBRD’s Star Venture programme
The European Bank for Reconstruction and Development (EBRD) opened applications for its Star Venture programme in Romania, designed to support high-potential startups with comprehensive resources for growth. Startups can apply by March 16 for a chance to benefit from grants, strategic business advice, and access to mentoring and finance. The programme offers up to EUR…
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Bucharest NGOs criticize decision to reportedly allow car access in Băneasa Forest
Over 30 NGOs and civic groups in Bucharest are protesting a recent decision by Ilfov’s Forestry Directorate and the Greenfield Băneasa Federation to open another forest road in Băneasa Forest to vehicle traffic. They argue the project will lead to the fragmentation of the forest, posing a serious threat to nature and the health of…
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Western Romania: city of Deva to be promoted by British journalist Charlie Ottley
British journalist Charlie Ottley, known for creating documentaries about Romania’s natural landscapes, such as “Wild Carpathia” and “Flavours of Romania,” will promote the city of Deva, in the western part of the country. The journalist, who has expressed his love for Romania’s natural beauty several times and has authored numerous documentaries on several regions, met…
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Romanian university SNSPA announces Nobel Peace Prize nomination for Donald Trump
The National University of Political Studies and Public Administration (SNSPA) in Romania has announced its decision to initiate the procedures for nominating US president Donald Trump for the Nobel Peace Prize. The university’s Senate approved the move on Thursday, March 13, citing Trump’s efforts in “promoting global peace and stability.” SNSPA Rector Remus Pricopie stated…
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European Investment Bank commits EUR 30 mln to major onshore wind farm in eastern Romania
The European Investment Bank (EIB) has pledged up to EUR 30 million to support the development of one of Romania’s largest onshore wind farms, Pestera II, near the city of Constanta on the Black Sea coast. The investment will co-finance the project alongside funds managed by Copenhagen Infrastructure Partners (CIP), a Danish firm specializing in…
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Romania’s former PM Victor Ponta expelled from PSD after launching independent presidential bid
Victor Ponta, a former prime minister and leader of the Social Democrats (PSD), has been expelled from the PSD after launching his candidacy for the upcoming presidential election as an independent. The decision was made during a meeting of the party’s National Political Council on Wednesday, March 12, according to News.ro. Current PSD leader and prime…
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AI Projects in Companies: The Scope is essential
In the digitalisation landscape we see more companies having AI as an objective, but struggling to find an actual use for it. Sure, AI can bring significant benefits to your company, and that’s why it’s essential to understand where this ‘catch-all’ technology fits in a Business. “The perfect candidate for an AI solution – so…
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Romania’s Hidroelectrica expects its profit to further shrink by 13% y/y in 2025
State-controlled hydropower group Hidroelectrica (BVB: H2O), the largest electricity producer in Romania, expects its net profit to decrease by 13% y/y to RON 3.55 billion (EUR 700 million) in 2025 despite the expected 2% y/y increase in revenues to RON 10.3 billion, according to the company’s budget sent o shareholders for endorsement. Of this profit,…