The Romanian company CryptoDATA Tech organizes the event Decentralized Connectivity Redefined in Bucharest on 19th March, where the Tesla founder, Martin Eberhard will be present for the launch of the first electric supercar concept developed in Romania. Martin Eberhard, one of the main speakers, co-founded the company Tesla Motors in 2003, with the position of CEO of the company until November 2007. He will present the philosophy of Tesla and the way in which the launch of this company managed to revolutionise the industry of electric cars. The projects presented in the Decentralized Connectivity Redefined: ? Momentum represents the first concept of completely electric supercar with Blockchain integrally developed in Romania and which develops the possibility to integrate innovative technologies in the industry of electric cars. Through this project, the auto industry meets the properties of blockchain technologiy, opening new horizons in generating utility and financial benefits. ? XIDEN Blockchain is a network which combines the Internet of Things system with blockchain technology to develop a protocol which will allow the smart devices to cover tasks auto and standalone mode.The platform of the network will facilitate the integration of all smart devices in the blockchain system with a view to ensuring the optimal and efficient use of all available resources. ? Ethernytree – a project concentrated on the repopulation of the forestry domains in collaboration with local authorities, with the possibility to be extended at global level, which use extended applicability of the blockchain technology to create an answer to the reduction of the surface of forests, the diminution of the carbon footprint due to the use of electricity needed to function the technological systems and, implicitly, climatic changes which take place everywhere in the world. The event expects 1,000 participants, among whom personalities in the whole world – CTOs, innovators and entrepreneurs in the blockchain technology industry, fintech, representatives of the auto sector, investors and many others. CrytoDATA Tech is a Romanian company which has activated in the domain of technology for over ten years, aiming at the development of the cyber security solutions and the use of extended applicability of Blockchain technology in multiple domains which could present services and innovative products at the disposal of the public at large.
Chinese bamboo products manufacturer Long Bamboo Technology Group Co., a supplier to Swedish retailer IKEA, has entered the Romanian market to establish a furniture production facility, Profit.ro reported on May 8. The company, headquartered in Hong Kong and with manufacturing...
The Mangalia shipyard in Romania is resuming operations gradually following its entry into insolvency in 2024 after Dutch shipbuilding group Damen withdrew from the joint venture. The shipyard's management has introduced measures to stabilize finances and revive activity, with employee salaries to be paid in phased installments,
The Belgian manufacturer of metal roofing systems Metigla, with a factory in Ceptura, Prahova County, announced a EUR 15 million investment plan in expanding production, automation, and employees. "In 2025, we will consolidate our presence in key markets and gradually expand this model to more European countries. We invest in sustainable products, automation, teams, and […]
Chinese electric vehicle manufacturer BYD officially launched operations in Romania, introducing its full-electric and plug-in hybrid models to the local market, Economica reported on May 8. The move is part of the company’s broader strategy to expand across Europe. BYD’s initial retail presence includes showrooms in...
The local currency kept losing ground on May 9 despite reported interventions by the central bank. The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day. The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by […]
Ilie Bolojan, the interim president of Romania, has sent his "warmest congratulations" to Pope Leo XIV in a message posted on X. "Warmest congratulations to His Holiness Pope Leo XIV upon the election to the Chair of Saint Peter. May he have a long reign and guide the faithful all over the world with wisdom […]
