Hundreds of thousands of people, many brought by buses from across the country, attended a massive protest organised by the Romanian governing coalition - which controls the government, the parliament and most public institutions - against what it calls a "parallel state" and "abuse of power". The coalition, led by Social Democratic (PSD) strongman Liviu Dragnea, used the event to attack the authority of President Iohannis and the prosecutors of the anti-graft body DNA, headed by Laura Codruta Kovesi, whom they accuse of "hurting democracy".
The latest review of the Energy Performance of Buildings Directive (EPBD) sets ambitious objectives to reduce global consumption of energy of the European Union buildings and establishes the common framework for the Member States to rely on for the reduction of carbon emissions and energy efficiency, according to the national particularities. Th experts attending the […]
The Polish company SMYK All for Kids, one of the largest retailers in the segment of toys, clothing, shoes and accessories for children, is expanding in Romania with a new store in Pitesti. Therefore, the retailer reaches 32 stores nationwide, thus ensuring a better national coverage. The store in Pitești is the first SMYK All […]
M247 Europe, one of the leading providers of Data Centre and cloud solutions in Romania and present in 26 countries worldwide, announces the prioritisation of investments in equipping data centres with a range of high performance GPU powered servers plus a new range of CPU’s to provide to support the evolution of the digital environment […]
Swisspod Technologies, a startup founded by 2 winners of the SpaceX Hyperloop Competition — Romanian Denis Tudor and Cyril Dénéréaz, announces a new round of €200,000 on SeedBlink as part of a total funding round of €7 million. This strategic investment will be used to continue Swisspod's mission of innovation, research and global expansion, enabling […]
The Romanian state has to recover RON 190mn (EUR 38mn) from insolvent Blue Air, including the interest paid on principal debt, calculated as of now according to the Ministry of Finance quoted by Economica. However, it is not clear exactly how since it is the airline’s owner as well. The European Commission (EC) said on […]
BRD-SocGen, Romania's fourth-largest bank by assets, reported its net profit dropped by 4.6% y/y, to RON 326mn (EUR 65mn) in Q1, because of the impact of the new tax on turnover for the first quarter and the estimated cumulative contributions to the Deposit Guarantee and Resolution Funds for the whole year. The gross profit rose […]
