Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank.
The allocations are mediated by the European Investment Fund, a European financial institution, part of the European Investment Bank Group.
The Sparking Capital II Fund aims to expand and consolidate its early-stage...
Romanian e-learning company Ascendia (BVB: ASC) announced on Wednesday, September 24, that its educational content creation platform, LIVRESQ, has been selected for Google for Startups’ Growth Academy: AI for GovTech, an international accelerator program focused on artificial intelligence in government technology. Participants will receive mentorship from Google executives, access to resources, and support to expand […]
Romania’s market for hybrid and electric cars expanded this summer, with listings and total market value rising, though consumer interest showed signs of slowing as buyers became more selective, according to a report published by Autovit.ro, the country’s largest online car sales platform. The value of hybrid and electric vehicles listed on the platform between […]
Roughly 21 bison have died in Romania in the Țarcu Mountains, Caraș-Severin county, in the last 40 days due to an epidemic. According to media reports, local authorities say that the situation becomes critical if the mortality rate exceeds 10–15%. The deaths prompted an investigation by the Caraș-Severin Sanitary-Veterinary Directorate, which found dangerous bacteria, including […]
Romania’s education minister, Daniel David, said on Wednesday, September 24, that police presence will be increased at the schools that have been receiving threats. The threatening messages were sent to police inspectorates and schools in seven counties. This is the second day that such threats have been received, after a similar message was sent to […]
Dutch non-food discounter Action opened its first store in Romania on Wednesday, September 24, entering a market dominated by low-cost chains Pepco and Kik as it pushes forward with its expansion. The new outlet, located in the Supernova Shopping Center in Pitești, covers more than 840 square meters and employs 18 staff. Action, which operates […]
Dutch non-food discounter Action opened its first store in Romania on Wednesday, September 24, entering a market dominated by low-cost chains Pepco and Kik as it pushes forward with its European expansion. The new unit is located in the Supernova shopping center in the city of Pitești. The company said it plans to open additional […]
