Romanian High Court of Justice magistrates gave former prime minister Adrian Nastase on Monday a 2-year sentence and stripped him of certain rights in a corruption case known locally as the "Quality Trophy" file. In this case, Nastase, who served as head of the Romanian government between 2000 and 2004, was charged of supporting his electoral campaign through funds collected in a "Quality Trophy" event organized by the a public institution. The sentence can be appealed.
Remote Butler, an IT startup founded in 2022 in Cluj-Napoca, attracted investments worth over EUR 50,000 in its first round of financing from private investors. This comes on top of the company’s initial investment of EUR 40,000 in developing the app that allows registered waiters to practice their profession regardless of their location. Ciprian Costea, […]
Several bear-resistant bins, the first of this type in Romania, were put into use at Băile Tuşnad resort in Transylvania with the intention of keeping bears from rummaging through the leftovers. Bear-proof shelters, also necessary for human-bear cohabitation in many Romanian towns, have not been installed yet. "These have been tested on bears in Slovakia, […]
District 4 of Bucharest will set up a company together with the neighbouring Giurgiu county local authorities to develop a new airport under an investment estimated at EUR 2 billion, announced district’s mayor Daniel Baluta - expected to hold his seat after the local elections this June. The results of the pre-feasibility study will be […]
The revenues generated by the telecommunications operators in Romania stagnated at RON 16.9 billion (EUR 3.4 billion) in Romania amid diverging dynamics of the number of subscribers in separate segments, according to a report published by the National Authority for Communications Administration and Regulation (ANCOM). Out of the total, fixed and mobile internet generated 37% […]
The value of goods purchased by Romanian customers from local and foreign online stores increased by 10% y/y to EUR 7 billion in 2023, according to the estimates of GPeC, ARMO, and the main players in the sector quoted by Profit.ro. This amount...
The capacity of the PV panels installed by Romanian households (prosumers) reached 1,554MWp at the end of February, according to the head of the market regulating body ANRE, George Niculescu, and reached 1,650MWp currently, according to sources quoted by Economica.net. The figure nearly matches the capacity of the dispatched PV parks...
