Category: Uncategorized
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Recently appointed Romanian VP of European Commission to oversee several commissioners
Roxana Mînzatu, the recently-appointed European commissioner representing Romania, has also been named a Vice-President of the European Commission and assigned the portfolio for People, Skills and Preparedness, which means that she will oversee several other commissioners. Commission president Ursula von der Leyen announced that all 26 new commissioners are “equal,” with “equal responsibility to fulfill…
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Romanian engineering group CIS develops 23MW solar plant and plans 50MW storage facility
CIS Group, a local business that offers solutions and services for the energy sector, founded by the entrepreneur Sebastian Călugăr, is building a photovoltaic park with a production capacity of 23MW and a storage capacity of 4MW in Copşa Mică, an investment that amounts to almost RON 100 million (EUR 20 million) according to Ziarul…
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Romania’s ruling coalition announces grand reindustrialization scheme
Finance minister Marcel Boloș, at the meeting of his Liberal Party (PNL) on September 16, unveiled a project for the reindustrialization of Romania. Social Democrat (PSD) prime minister Marcel Ciolacu confirmed the plan. The plan’s budget remains unclear, but it is high: EUR 2 billion-3 billion, which, according to the authorities, makes it the most…
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Fitch warns Romania risks debt surge that could impact its fragile rating
Romania should take rapid measures to limit the surge in a budget deficit that’s become the largest in the European Union to avoid losing its investment-grade score, according to analysts at Fitch Ratings quoted by Bloomberg. The country, which has the lowest investment grade from all three major rating companies, may need to freeze spending…
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Romanian Govt. plans more spending under budget revision despite record trade gap
The leaders of the ruling coalition sketched a budget revision draft in their meeting on September 16, distributing among ministries what they estimated to be RON 10.4 billion revenues above target, according to Agerpres quoting sources familiar with the negotiations, Economica.net reported. Although sources failed to explain this, the government will also cut the allocations…
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IMF plans to visit Romania this autumn
A delegation of the International Monetary Fund (IMF) is coming to Romania this autumn, representatives of the institution told Ziarul Financiar without providing additional details. “We will issue a press release this month announcing the dates on which we will make a short visit to Romania this fall,” said the institution’s representatives. According to some…
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DokStation Music Documentary Film Festival kicks off in Bucharest
DokStation Music Documentary Film Festival, the only festival in Romania dedicated to music documentaries, will take place from September 18-22 in various venues in Bucharest: Control Club, Apollo111, Expirat, and Grădina cu Filme. The eighth edition of the festival brings 29 documentaries to the public, most of them national premieres, featuring and about music legends…
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Security incident at Romania’s Parliament Palace as man starts fire in visitors’ access area
A security incident was reported at the Palace of the Parliament in Bucharest on Tuesday, September 17, after a person threw gasoline and started a fire inside the visitors’ access area, Digi24 reported. Rescue teams evacuated roughly 300 people from the building while the firefighters put out the fire. An employee inside the palace had…
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Western Romania: Citizenit Association unveils 10 new murals about AI in Arad
Ten new murals about the relationship between humans and artificial intelligence (AI) have been completed in the Romanian city of Arad as part of the project ‘Urban Stories on Gable Walls.’ The main theme of the artworks is ‘Humans vs AI,’ proposing a debate on the role of artificial intelligence in contemporary society. Artists were…
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Go-to-market accelerator Startup Reaktor targets early-stage tech startups from Romania, SEE
Founders of early-stage tech startups from Romania and South-Eastern Europe (SEE) can apply until November 11 in Startup Reaktor, a go-to-market accelerator dedicated to startups targeting rapid international expansion, in particular in ten countries in Western Europe, the UK, and the Scandinavian area. The new Startup Reaktor edition starts in the second half of November…