Category: Uncategorized

Romania’s Commodity Exchange (BRM) announced that on May 22, it operationalized the intraday trading market, coupled with the European system SIDC (Single Intraday Coupling), and the first deals have already been closed, according to Bursa.ro. “Market participants operating across countries will benefit from an Electricity Market that becomes more liquid and therefore increasingly competitive,” SIDC…

Romania’s Ministry of Energy confirmed in an official statement that the country could join Serbia as an equal partner in the project for a third hydropower plant on the Danube, but it denied that a joint team to coordinate the project was set up already and highlighted that the project should be approached with caution…

Innobyte, one of Romania’s leading companies specializing in eCommerce services and solutions, fully owned by LIFE IS HARD, announces an impressive 24.89% increase in revenue for the first three months of 2024 compared to the same period last year, reaching RON 33 men. The company also reported a significant 245% increase in net profit in…

Mircea Cărtărescu‘s novel Solenoid, translated into English by Sean Cotter, is the winner of this year’s Dublin Literary Award. The novel, which combines fiction with autobiography and history, is grounded in the reality of late 1970s – early 1980s Communist Romania. “By turns wildly inventive, philosophical, and lyrical, with passages of great beauty, Solenoid is the…

Architect Vera Marin, initiator of the “De-a Arhitectura” education project, and lawyer Monica Boța-Moisin, specializing in intellectual property and traditional cultural expressions, are the new Romanian winners of the Ashoka Fellowship.  The two winners join the other eight Ashoka Fellows from Romania and a community of over 3,800 social entrepreneurs from more than 94 countries,…

InterCapital Asset Management, Croatia’s largest independent asset manager with EUR 500 million in assets under management, and Investimental, the newest broker on the Romanian capital market, announced the launch of a new Exchange Traded Fund (ETF) tracking the BET- TRN index.  The newest ETF on the local capital market will start trading on the Bucharest…

The Romanian poet Ana Blandiana has been awarded the 2024 Princess of Asturias Prize for Literature (Premio Princesa de Asturias de las Letras). The jury for the award was chaired by Santiago Muñoz Machado and made up of Xosé Ballesteros Rey, Xuan Bello Fernández, Blanca Berasátegui Garaizábal, Gonzalo Celorio Blasco, Jesús García Calero, Pablo Gil Cuevas, Francisco…

Dozens of flamingo birds have been seen recently in the Sfântu Gheorghe (Saint George) area of the Danube, announced the Danube Delta Biosphere Reserve Administration (ARBDD). Representatives of the reserve administration also published a video of the exotic birds on its Facebook page. They explained that flamingos tend to stay away from areas where they…

Greenpeace CEE and Fridays for Future Austria have filed a complaint with the OECD (Organization for Economic Co-operation and Development) against the Austrian oil and gas company OMV saying that the company’s expansion in fossil gas activities infringe on OECD guidelines. The complaint was filed just days before the Annual General Meeting of OMV. The…

The event will bring together local and international government representatives, such as the General Secretariat of the Government, the Ministry of Finance, the Ministry of Foreign Affairs, the Financial Supervisory Authority, AMEPIP, as well as EFRAG, the European Financial Reporting Advisory Group; The Bucharest Stock Exchange and over 30 other listed companies, most of which…