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Romanian Gov’t approves 350,000 euros in financial assistance to set up automation steering centre in Moldova

November 25, 2016

The Romanian Government on Wednesday approved a supplement to the 2016 cooperation programme between the national governments of Romania and Moldova, along with 350,000 euros in financial assistance for the creation of an automation and steering centre in the Moldovan town of Ungheni. It says in a press statement that the funds are awarded under […]

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Weekend calendar: European Film Festival, CellEAST, Bucharest Half Marathon, SofistiCAT and more

Film screenings, exhibitions and concerts are part of the weekend offer in Bucharest, which also hosts this weekend its Half Marathon. Nearby, in Snagov, foodies can enjoy a barbecue festival. In Bucharest: European Film Festival May 9 –...

Romanian president receives Atlantic Council’s Distinguished Leadership Award in Washington

Romania's president Klaus Iohannis is one of the four leaders honoured by the Atlantic Council with the Distinguished Leadership Award 2024. He accepted the award during a ceremony held in Washington, DC, on Wednesday, May 8. Iohannis received the Distinguished International Leadership Award because he "has adeptly led Romania through a period of insecurity in […]

Libra Bank incorporates voice-based generative AI in its mobile app

Libra Internet Bank introduced, for the first time in Romania, the generative artificial intelligence service in the mobile banking application, according to Ziarul Financiar. Through the new facility, the bank offers information in audio and text format about the client's accounts and transactions, deposits and...

Lego’s sales in Romania doubled over past three years

Lego Romania announced its sales rose by 16% y/y, thus doubling over the past three years to RON 236 million (EUR 47 million) in 2023. The company posted RON 10.2 million (EUR 2 million) net profit in the year, three times the earnings posted in 2020. Buyers’ interest in toys developing creativity was boosted by […]

Retail investors place orders for 1.36 mln Premier Energy shares on first day of one-week IPO

The 1,300 orders placed by the retail investors during the first day of the one-week IPO operated by natural gas and electricity utility company Premier Energy at the Bucharest Exchange summed up to 1.36 million shares out of a total of 6.25 million earmarked to them under the Base Scenario, according to Ziarul...

Romania's PM assures public debt will drop to 48%-49% "during this year"

Romania's public debt to GDP ratio, 52.4% at the end of February, will drop to 48%-49% "during this year," prime minister Marcel Ciolacu assured, speaking in a press conference in Buzau on May 8, quoted by Economica.net.  However, this is...