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.
Romanian prime minister Marcel Ciolacu announced during the first government meeting this year that over 200 kilometers of highways and express roads are planned to be inaugurated in 2025. Among the key projects highlighted was the Focșani-Brăila expressway, valued at over EUR 1 billion, for which multiple bids have been submitted,
SevenX Ventures increased its stake in Holde Agri Invest, one of Romania’s largest agricultural land operators, the company announced. At the same time, Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, increased his holding in SevenX Ventures to 71%, resulting in a reduction of Vertical Seven Group’s stake […]
The Romanian executive recently granted emergency approvals for banned bee-killing pesticides in clear violation of European regulations, according to the European branch of the well-known US political news outlet Politico. Specifically, the Romanian ministry of agriculture greenlit the use of Cruiser 350 FS - a neonicotinoid insecticide banned in the EU due to its devastating impact...
Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate Călin Georgescu, focusing on "the manner and flows of money that arrived from various sources." "It is an investigation alongside the judicial bodies, […]
Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said. One of the scenarios is to keep the compensation-cap scheme for […]
Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. ...
