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.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
