Romania has adopted a law that prohibits the acquisition and use, by public authorities, of cyber security software products and services from the Russian Federation, informs the National Cyber Security Directorate (DNSC).The law on the protection of information systems of public authorities and institutions in the context of the invasion launched by the Russian Federation against Ukraine entered into force on December 14, from the moment of publication in the Official Journal. The draft law was initiated by the Ministry of Research, Innovation and Digitization (MCID) and was voted by the Parliament on November 23, 2022.According to DNSC, the law establishes the legal and institutional framework for the prohibition of the acquisition and use by public authorities and institutions of cyber security and IT security software products and services originating directly or indirectly from the Russian Federation, from an economic operator under the direct or indirect control of a natural or legal person from the Russian Federation, from an economic operator whose capital is constituted with participation coming directly or through companies interposed in the Russian Federation or whose administrative bodies include persons from the Russian Federation.The law refers to all networks and computer systems that manage classified information, owned by public and private legal entities located on the territory of Romania, with the exception of those owned by public authorities and institutions with their own attributions in the field of national security, in the field of cyber security, national defense and public order.DNSC specifies that the law has a direct impact only on certain categories of organizations, but the Directorate recommends that all users and decision-makers in Romania carefully analyse the security solutions they use, in the context of the hybrid conflict between Russia and Ukraine.
Amethyst Romania, a radiotherapy clinics chain set up by the entrepreneur Ludovic Robert, has started the EUR 10 million project of a new center in the northwestern part of the country at Satu Mare. This will be the fifth Amethyst hospital dedicated to oncological treatments in Romania, after the existing units in Bucharest, Cluj-Napoca, Alba […]
Romania’s natural gas company Romgaz (BVB: SNG), with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, Ziarul Financiar announced...
The government of Romania took steps to increase the ceiling of the Medium Term Note (MTN) scheme by EUR 7 billion to EUR 75 billion, citing the EUR 8.5 billion financing needs in 2025 but also another EUR 0.6 billion-1.6 billion issues this year and potentially EUR 1 billion in case not all the Resilience […]
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
Four young women, students at the Technical University of Cluj-Napoca, have invented a bracelet that converts music into vibrations. This gadget, named the Rhythm Touch bracelet, is designed to give people with hearing impairments the experience of concerts. "The wearer can dance, feeling the music, even though they can't hear it," the inventors told Cluj24.ro. […]
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
