The second Romanian satellite built by students, ROM-3, has reached orbit with a SpaceX rocket and is operational. After a few days to regenerate its energy using solar power, the satellite will begin transmitting data.
The Falcon 9 rocket took off from SpaceX's Vandenberg base on November 11, at 23:35, after three successive flight delays. The capsule containing 35 satellites reached the payload deployment altitude in 9 minutes. At 00:45, it began deploying the satellites into their...
Turkish-Spanish car parts supplier Gestamp announced the opening of a new factory in Darmanesti, Arges county, where 200 will be employed. The investment is conducted by the Turkish-Spanish international company Beyçelik Gestamp. The factory will produce components for the Romanian car producers Dacia and Ford Otosan,
Romanian video game developer Amber Studio announced that it gave up a EUR 2.7 million state grant as it found the creation of 120 workplaces in Botosani and Craiova was not sustainable, Ziarul Financiar reported. "As a result of the global economic situation regarding the industry in which the company...
Mitoc Partners, indirectly owned by Italian investors (75%) and Romanian lawyer Edward Dobre (25%), is developing a major wind generation project in Botosani county, northeastern Romania, composed of three wind farms with an installed capacity of 305MW,
The April headline inflation, to be published on May 14, was expected to decrease towards 6% y/y, but the hopes for entering the 2.5% +/-1pp were further delayed amid slightly higher inflationary pressures this year and an inflationary shock expected with the fiscal corrective package in 2025. The central bank has a yearend target of […]
Exim Banca Românească Continues to provide loans under the IMM PLUS program this year as well, facilitating small and medium-sized enterprises (SMEs) and small businesses with medium market capitalization to access special financing conditions to ensure the liquidity needed for current operations or investments. The main characteristics of the financing are: The maximum value of […]
Romania’s central bank on May 13 opted to keep the policy rate at 7%, despite a fragile majority of analysts (4 of 6, under a Bloomberg survey) expecting the first rate cut of the policy easing cycle. The decision marks not only a mere deferral of the easing cycle - but a deeper change in […]
