The Government approved on Thursday the articles of association of the Investment and Development Bank - S.A..According to a Government press release, Romania has committed itself through the National Recovery and Resilience Plan to operate the Investment and Development Bank, thus the act of incorporation of the Bank was approved by decision."The mission of the Investment and Development Bank - S.A. is to support strategic projects that cannot find financing in the usual banking system, and its activity will be carried out in compliance with the legislation on state aid. The subscribed share capital of the Bank is 3 billion lei. The Bank will be managed in a dual system, by a Supervisory Board consisting of 7 members and a Management Board consisting of 3 members," the press release reads.
Elena Lasconi, the president of the opposition party USR, said that she is working with her colleagues on drafting a no-confidence motion against the government headed by Social Democrat leader Marcel Ciolacu. She also urged the Liberals and their president, Nicolae Ciucă, to back USR's action. "I met thousands of soldiers, I have also been […]
American basketball player Marie Tyra Whitehead, aged 26, was found dead in the apartment where she lived, according to an announcement by Romanian basketball club CSM Târgoviște. Authorities stated that initial examinations revealed marks consistent with hanging on the athlete’s body, but the police are continuing their investigation to determine the exact circumstances of her […]
Romanian MEP Diana Șoșoacă was penalized for disrupting a session of the European Parliament in July of this year. She will be unable to participate in the Parliament's plenary session for seven days, during which time her daily allowance will be withheld, MEP Sigfried Mureșan announced. Back in July, the fiery far-right politician Diana Șoșoacă
Artificial intelligence (AI) technology is becoming increasingly popular in companies in Romania. According to a recent study by the consulting company VUCAMIX, 86% of companies in the local market have already adopted AI, in various forms. However, in 40% of cases, it was the personal initiative of the employees, not a company decision. The study […]
Bringo, the first brand to bring grocery delivery services to Romania, together with Carrefour Romania, announces a new and innovative feature: the collection of refundable packaging as part of the Deposit Return System - SGR for orders placed from Carrefour hypermarkets. This partnership promotes responsible shopping and continues the e-grocery advancements led by the two […]
Roughly 300,000 people are expected to participate in the religious pilgrimage in the eastern Romania city of Iaşi, the largest such celebration in the country. The holy relics of Saint Parascheva were placed for worship on Tuesday morning, October 8, in the baldachin near the Metropolitan Cathedral, and will remain there until October 15. According […]
