The Romanian company ClusterPower inaugurated an investment of almost 40 million euro in Mischii, Dolj county, in a technological partk where five centres of data, a unit of electricity unit necessary for the consumption of the whole campus will be built. ClusterPower builds next to Craiova an infrastructure of Artificial Intelligence one-stop-shop, the biggest in Romania and in the region through which they will create the context for the stimulation of economic growth in the region, allowing hosting and developing digital solutions of latest generation, with high added value. Cosmin Georgescu, CEO ClusterPower spoke about the significant potential which Romania offers to this industry. ‘We have many very specialized industries which need instruments which we create in Mischii and I am talking about the supercomputer which we bring in Romania, a supercomputer similar to that used by Pfizer to create the anti covid vaccine. Such an instrument surely will be used in the pharma industry in Romania or in the domain of nuclear physics or in the energy sector’ states Cosmin Georgescu, CEO ClusterPower. ClusterPower was set up in 2019 by three Romanian entrepreneurs: Cosmin Georgescu, Vladimir Ester and Carmen Ursa Georgescu.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
