Private equity fund SARMIS Capital, focused on Romania and the CEE region, announced the acquisition of Total Technologies, one of the most prominent Honeywell technology integrators for industrial automation in Central and Eastern Europe.
The acquisition is carried out through Smart ID Technology, a SARMIS Capital portfolio company. It is meant to consolidate its ability to deliver complex technological solutions in retail, manufacturing, delivery, logistics, and distribution.
This...
A Romanian man has pleaded guilty in a US federal court to leading a widespread swatting and bomb threat campaign that targeted more than 75 public officials, religious institutions, and journalists across the United States. Thomasz Szabo, 26, also known online as “Plank,” “Jonah,” and “Cypher,” admitted to orchestrating the years-long conspiracy from abroad, making […]
Romania's government has approved emergency budget credits of RON 300 million (EUR 60 million) to support recovery efforts following severe flooding at the Praid Salt Mine, finance minister Tanczos Barna announced after an extraordinary cabinet meeting on June 2. The funding will be directed primarily toward Salrom, the state-owned salt producer, and companies operating within […]
President Nicuşor Dan participated on June 2 in the B9 Summit in Vilnius, where he announced that Romania is committed to reaching, within seven years, spending 5% of GDP on defense, Monitorulapararii.ro reported. The target will...
Romanian president Nicușor Dan reaffirmed Romania's continued support for Ukraine and commitment to strengthening bilateral relations during a meeting with Ukrainian president Volodymyr Zelensky on the sidelines of the B9 summit held in Vilnius on June 2. "Romania will continue to stand with Ukraine and further deepen bilateral ties for the benefit of the two […]
A realistic deadline for forming the new government is two weeks from now, Romania's president Nicușor Dan said, speaking at a press conference in Vilnius on June 2. A fiscal consolidation plan agreed by the tentative ruling majority would be ready within several days, he added, according to G4media.ro. ...
The technical working group formed by Romania’s four parties negotiating the formation of a governing coalition is drafting a series of cost-cutting measures aimed at reducing public expenditure,
