The Polytechnic University of Bucharest (UPB) will coordinate the implementation of a project worth approximately 3,800,000 EUR on the creation of a center of competence in the field of adaptation to climate change, the funding to be provided through the National Recovery and Resilience Plan (PNRR), UPB informs in a release sent on Tuesday.A consortium coordinated by the Polytechnic University of Bucharest under the guidance of Prof. Mihai Datcu Phd, together with the Ovidius University of Constanta, the Romanian Space Agency, the National Research and Development Institute for Earth Physics and the Ion Ionescu de la Brad University of Life Sciences of Iasi submitted the proposal "Competence Center for Climate Change Digital Twin for Earth forecasts and societal redressment: DTEClimate", which won the competition for the field "Adaptation to climate change" organized within PNRR - Component 9 - Support for the private sector, Research, Development and Innovation, I5. Establishment and operationalization of Competence Centers PNRR-III-C9-2022 - I5.The project is to be carried out in the next 36 months and aims to implement the European strategy for adaptation to climate change in Romania by consolidating a national network of excellence.This network will interconnect research expertise and innovative approaches to support smart and systemic adaptation. "DTEClimate has the support of a wide community of users including central and local public authorities, organizations from the non-governmental sector that will actively support the expansion of public-private partnerships and the development of a culture of real and effective cooperation between the research environment and industry", shows the release.
Romania’s ruling coalition will make a final decision on the magistrates’ pensions law after president Nicusor Dan meets magistrates on November 18 and will most likely promote the law on public administration employment in Parliament next week, according to media reports from prime minister Ilie Bolojan and other sources familiar with the negotiations. The coalition […]
The restaurant chain with entirely Romanian capital, City Grill Group, announced that it ended the first ten months of the year with a turnover of EUR 63.5 million, up 13% compared to the same period last year. The results "confirm the group's stability in a year marked by challenges for the hospitality industry and consolidation," […]
Sphera Franchise Group (BVB: SFG), Romania’s largest food service operator, reported record third-quarter results for 2025, marking its strongest Q3 performance to date in terms of sales and profitability. The company said on November 17 that the improvement reflects stricter cost discipline and rising contributions from its operations in Italy and the Republic of Moldova. […]
Hidroelectrica (BVB: H2O), the largest state-owned company in Romania, recorded lower operational and financial results in the first nine months of 2025 compared to the same period last year, but in line with the amended budget approved on October 31. The company's net profit fell by 34% y/y, to RON 2.3 billion, and earnings per […]
State-controlled gas producer Romgaz (BVB: SNG) may officially submit a binding offer to acquire fertiliser plant Azomureș by the end of the year, provided the final stages of its due diligence process confirm the financial, legal, and operational feasibility of the transaction. The update was provided by Gabriela Mareș, Romgaz's Director of International Relations and […]
Turkish group Tosmur Grup is close to completing a second production unit at its starch factory in Medgidia, an investment of EUR 86 million that will double the site’s current capacity by the end of this year, Ziarul Financiar reported. The project expands the company’s operations in southeastern Romania,...
