Morphosis Capital Fund II has made its first investment outside Romania by acquiring a minority stake in EnduroSat, a leading European provider of high-end satellites and space services. The investment is part of a broader funding round aimed at accelerating EnduroSat’s expansion in the fast-growing "New Space" industry.
EnduroSat, founded by Raycho Raychev, specializes in delivering agile, software-flexible satellites and space services to commercial enterprises, research institutions,...
Romania's government has approved emergency budget credits of RON 300 million (EUR 60 million) to support recovery efforts following severe flooding at the Praid Salt Mine, finance minister Tanczos Barna announced after an extraordinary cabinet meeting on June 2. The funding will be directed primarily toward Salrom, the state-owned salt producer, and companies operating within […]
President Nicuşor Dan participated on June 2 in the B9 Summit in Vilnius, where he announced that Romania is committed to reaching, within seven years, spending 5% of GDP on defense, Monitorulapararii.ro reported. The target will...
Romanian president Nicușor Dan reaffirmed Romania's continued support for Ukraine and commitment to strengthening bilateral relations during a meeting with Ukrainian president Volodymyr Zelensky on the sidelines of the B9 summit held in Vilnius on June 2. "Romania will continue to stand with Ukraine and further deepen bilateral ties for the benefit of the two […]
A realistic deadline for forming the new government is two weeks from now, Romania's president Nicușor Dan said, speaking at a press conference in Vilnius on June 2. A fiscal consolidation plan agreed by the tentative ruling majority would be ready within several days, he added, according to G4media.ro. ...
The technical working group formed by Romania’s four parties negotiating the formation of a governing coalition is drafting a series of cost-cutting measures aimed at reducing public expenditure,
Ilie Bolojan, the interim leader of the National Liberal Party (PNL) but also his party's expected nominee for the prime minister seat, said that the Liberals are giving priority to cutting expenditures as a way to achieve fiscal consolidation, but hiking taxes is nearly unavoidable. "We will support a package of measures in which the […]
