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.
Romania’s acting minister of defence, Radu Miruță, has asked Parliament to grant prior approval for the signing of a framework agreement with Lockheed Martin for the training of F-16 flight personnel at the European F-16 Training Center (EFTC) hosted in Romania,
Former Social Democrat (PSD) transport minister Răzvan Cuc was detained by prosecutors from the National Anticorruption Directorate (DNA) on suspicion of complicity in bribery, the DNA announced on Tuesday, December 16. Cuc, a member of the Social Democratic Party who served as minister of transport in the governments led by Sorin Grindeanu (currently the leader […]
Regions across Romania will receive a financing boost as a result of a EUR 25 million loan that CEC Bank is receiving from the European Investment Bank (EIB). CEC Bank will channel the EIB credit into public-sector projects that promote sustainable economic development, particularly in Romanian regions where the shift to a greener industry is […]
Local authorities in Buzău aim to convert the nearby military airbase Boboc, 117 km northeast of Bucharest, into a secondary airport with dual military and civil use. The final decision will be based on Romania's security interests and requires multiple permits, the Ministry of Defence said, according to Adevarul.ro. ...
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
