Korea’s DS Private Equity (DSPE), part of Korea’s DS group, will join as a financial investor the Romanian project company RoPower, formed at this moment by state-controlled Nuclearelectrica (BVB: SNN) and private company Nova Gas and Power (the owner of the location), which is developing the Small Modular Reactors (SMR) programme with the technology provided by US NuScale.
The financial investment committed by DSPE will help fund the development of the project, starting with...
MerchantPro, a SaaS solutions platform for eCommerce, is once again gathering the online merchant community and digital retail solutions this year at the second edition of dotCommerce, an eCommerce event dedicated to innovation and performance. Now in its second edition, the dotCommerce Digital Forum will take place on June 11th at Terra Events Hall, bringing […]
Early Game Ventures (EGV) has officially launched its second investment fund, EGV Fund II, two months after being approved by the EIF Board. EGV Fund II is a EUR 60 million fund that will invest in early-stage technology startups from Romania and the region. It will focus on areas such as cyber security, enterprise software, […]
Lingly.ai, a personalized language learning app, announced its official launch in the Romanian market on May 9. The application specifically caters to expats living in Romania, promising “a unique and effective way to learn Romanian.” The company said the decision to expand to Romania was made as the country continues to see a surge in […]
Brothers Andrew and Tristan Tate reportedly transferred roughly USD 2.6 million into accounts opened in Romania and the United Kingdom over the last seven years, according to a recently published investigation. Several financial documents reveal that, since 2017, more than 180 bank transfers have been made, with the final destination being an account in the […]
The IOR-Titan Civic Initiative Group Association (Asociația Grupul de Inițiativă Civică IOR-Titan) announced that it sued the Bucharest City Hall, intending to cancel the retrocession of 12 hectares of land in IOR Park, one of the capital’s largest green areas, which the association says was done illegally. Thus, they request the court to declare “the absolute […]
The National Anticorruption Directorate (DNA) announced on May 8 that it sent Teodosie Petrescu, the Archbishop of Tomis, to trial for influence buying. In the same case, an advisor within the Archdiocese of Tomis is investigated for complicity in buying influence. Archbishop Teodosie is one of the most influential representatives of the Romanian Orthodox Church. […]
