A very tough report of the European Commission on Romania's Justice system this week and the unexpected visit to Bucharest of the British Foreign minister were just as many cold showers for the people now in power in Bucharest. Their immediate effect was a decision by the Parliament to maintain a rule that 50%+1 of the registered voters have to cast their ballots in a referendum to dismiss suspended President Traian Basescu late this month. As a long term effect, the signals mean something else as well: Romania is no longer by itself in a world which invested in it both economically and geo-strategically.
The Romanian technology start-up theCoRD.ai, which has developed an AI solution to optimize online meetings, recently unveiled plans to expand globally to 10 countries this year. The expansion follows the company’s participation in Running Remote, which took place from April 22 to 24 in Lisbon, the European innovation capital. “We officially launched theCoRD globally at […]
The latest review of the Energy Performance of Buildings Directive (EPBD) sets ambitious objectives to reduce global consumption of energy of the European Union buildings and establishes the common framework for the Member States to rely on for the reduction of carbon emissions and energy efficiency, according to the national particularities. Th experts attending the […]
The Polish company SMYK All for Kids, one of the largest retailers in the segment of toys, clothing, shoes and accessories for children, is expanding in Romania with a new store in Pitesti. Therefore, the retailer reaches 32 stores nationwide, thus ensuring a better national coverage. The store in Pitești is the first SMYK All […]
M247 Europe, one of the leading providers of Data Centre and cloud solutions in Romania and present in 26 countries worldwide, announces the prioritisation of investments in equipping data centres with a range of high performance GPU powered servers plus a new range of CPU’s to provide to support the evolution of the digital environment […]
Swisspod Technologies, a startup founded by 2 winners of the SpaceX Hyperloop Competition — Romanian Denis Tudor and Cyril Dénéréaz, announces a new round of €200,000 on SeedBlink as part of a total funding round of €7 million. This strategic investment will be used to continue Swisspod's mission of innovation, research and global expansion, enabling […]
The Romanian state has to recover RON 190mn (EUR 38mn) from insolvent Blue Air, including the interest paid on principal debt, calculated as of now according to the Ministry of Finance quoted by Economica. However, it is not clear exactly how since it is the airline’s owner as well. The European Commission (EC) said on […]
