On Friday (22 October 2021), at a signing ceremony hosted by NATO’s Secretary General, Defence Ministers from 17 Allied countries* agreed to take the lead on the development of NATO’s first Innovation Fund. “At the Brussels Summit, NATO leaders committed to strengthening our Alliance, including by promoting and protecting transatlantic innovation”, the Secretary General said. “Today we are delivering on that commitment. And together we will keep our people safe in a rapidly changing world”, he added. This multinational Fund will help NATO retain its technological edge by enabling investment – worth 1 billion euros - in dual-use technologies of potential application to defence and security. It will also facilitate closer and trusted cooperation with deep-tech innovators, which may otherwise be unable to develop successfully the innovative solutions most needed to the protection of the Alliance. Together with NATO’s Defence Innovation Accelerator for the North Atlantic – or DIANA - the Innovation Fund will support the development of a protected transatlantic innovation community. Since its launch at NATO’s Brussels Summit, a number of Allies have made offers to host the headquarters, test centres and accelerator sites that will make the DIANA network in both Europe and North America. Both initiatives are expected to be fully in effect by NATO’s Madrid Summit in 2022. *Belgium, the Czech Republic, Estonia, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia and the United Kingdom.
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 […]
