President Klaus Iohannis on Wednesday signed a decree appointing Deputy Prime Minister Marcel Ciolacu acting minister of defence. He also signed a decree under which the defence minister office was vacated following Adrian Tutuianu’s resignation. On Tuesday, Tutuianu announced he was resigning citing “bad communication” on the payment of the service members wages. Prime Minister […]
Global law firm Dentons has advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A., on a RON 3.1 billion (approximately €622,7 million) syndicated loan agreement destinated to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment. The syndication was […]
Function Health, a personal health platform offering accessible annual lab testing, has acquired Ezra, the developer of FDA-cleared AI technology that makes full-body MRI scanning faster and more affordable. Ezra was founded by Romanian Emi Gal. Following the acquisition, the company will launch a full body MRI that cuts scan time from 60 minutes to […]
The National Bank of Romania (BNR) announced on May 6 an exchange rate of RON 5.0378 /EUR. This is a 1.21% increase on the previous RON 4.9775/EUR exchange rate and the first time it has exceeded the RON 5 threshold, marking a historical high. The exchange rate stood at an average of RON 4.97/EUR last […]
Oxygen announces the launch of Oxygen Media, a dedicated media planning & buying agency led by Cristian Costache as Senior Partner. The new agency complements Oxygen’s existing integrated communications structure, which spans advertising, digital & social media, influencer marketing, events & consumer engagement, content production, PR, public affairs, employer branding, sustainability & CSR. Oxygen Media […]
Russian political philosopher close to the Russian presidency, Aleksandr Dugin, issued several messages in support of Romanian presidential candidate George Simion, who repeatedly opposed supporting Ukraine. Dugin portrayed Simion positively in a number of messages, calling him a champion of “real people.” "Simion has gained in Romania. Globalists either kill him, or cancel the results […]
Local authorities in Cluj-Napoca, Romania’s second-largest city and a vibrant IT hub, approved a partnership agreement with the Romanian Railway Company CFR for the implementation of the metropolitan train project. Longtime Cluj-Napoca mayor Emil Boc, cited by ournalists at Actualdecluj.ro,...
