Romanian entrepreneur Codruț Lemeni secured USD 0.5 million in March this year from YCombinator, a prestigious Silicon Valley program that has launched tech giants such as Airbnb, Reddit, and Dropbox, to further develop his Educato AI platform. The new digital tool offers high school students free and interactive exam preparation, especially for the Baccalaureate.
The platform was launched in April this year by 24-year-old Codruț Lemeni, together with Felix Gabler and...
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
Romania’s Orșova Shipyard (BVB: SNO) has concluded five external contracts for the construction of five river vessels, with the total value of the contracts amounting to EUR 22.2 million, according to a report submitted to the Bucharest Stock Exchange. The contracts are commercial in nature and have an intra-community delivery, but the buyer cannot be […]
Four people died on Monday, July 28, following a naval incident in the Musura Gulf area, Sulina Branch, where a boat capsized, according to information provided by the Tulcea County Emergency Situations Inspectorate. Among the deceased is also a child. Of the 14 people who were reportedly on the boat that capsized, 10 are being […]
Romania’s ruling Social Democratic Party (PSD) will immediately promote in Parliament a package of measures to reduce privileges for board members of state-owned enterprises (SOEs), with a second fiscal package to follow in coordination with the upcoming budget revision, PSD leader Sorin Grindeanu said on July 28,
Romanian Prime Minister Ilie Bolojan, in an interview for G4Media on July 28, said that he will not immediately appoint another deputy prime minister to replace Dragoș Anastasiu, who resigned...
