Author: Andreea Ionescu

New car registrations in Romania rose by 2.71% in April of this year compared to the same period in 2025, while electric vehicles reported a 26% increase and a 68% market share, according to preliminary data from the Association of Automobile Manufacturers and Importers (APIA), published on Monday. According to official statistics, based on figures compiled by the General Directorate for Driver’s Licenses and Vehicle Registration (DGPCI), overall, the SUV segment ranks first with a 62% share, followed by Class C—with a 19.4% share—and Class B—with…

IBM is adopting a „Client Zero” approach in its business proposition for agentic AI, after implementing the strategy for 270,000 employees worldwide. Lee Ji-eun, IBM Korea's chief technology officer, provided clarifications on the presented results. Companies are intrigued by AI's promise to introduce new efficiencies into business processes, but questions surrounding costs, ROI, employee experience, expectations, and change management remain significant concerns, according to CIO.com. To address its clients„ concerns, IBM is adopting a ”Client Zero" approach, after introducing AI directly into over 70 of its business areas for...

The Cluj-based company BraveX Aero announced on Thursday, in a statement sent to the entrepreneurial community StartupCafe.ro, that it has completed the development and validation of a military-use drone with a jet engine, capable of reaching speeds of up to 500 km/h. The unmanned aerial vehicle, named Vimana Jet, is now ready for production. BraveX Aero claims that Vimana Jet is „the first Romanian drone with jet propulsion, capable of reaching speeds of up to 500 km/h, with a flight time of 40 minutes at a cruising speed of 250 km/h.” The Cluj-based company is developing two Vimana Jet models, with slightly different parameters. These can...

Rezolv Energy has made the St. George photovoltaic park operational. This is one of Bulgaria's largest photovoltaic parks, built on the site of the former Silistra airport. According to a company press release, with an investment of $300 million, St. George is Rezolv Energy's first commissioned project and was completed in a short period, becoming fully operational in less than three years from the acquisition of development rights. Alongside the St. George solar park in Bulgaria, the company owns a portfolio in Romania that includes three major projects: the 461 MW VIFOR wind farm in Buzău County, with…

The national currency appreciated on Friday against the euro, which was quoted by the National Bank of Romania (BNR) at 5.2364 lei, down 2.97 bani (-0.561%) from the previous rate of 5.2661 lei. The value of the leu also rose against the dollar, with the U.S. currency quoted at 4.4493 lei, down 2.34 bani (-0.52%) compared to Thursday, when it stood at 4.4727 lei. The national currency also appreciated against the Swiss franc, calculated by the NBR at 5.7194 lei, down 3.24 bani (-0.56%), compared to 5.7518 lei, the previous rate, according to Agerpres. The price of a gram of gold fell…

Despite recent investments, the global infrastructure sector faces a significant funding gap of $64 trillion. Governments worldwide and the private sector will need to invest nearly $140 trillion by 2050 to close this deficit, keep pace with evolving global conditions, and meet the needs of populations worldwide. A significant increase in productivity is required. Infrastructure productivity is limited not by a lack of technology, but by the fragmentation of systems, data, and stakeholders, which reduces coordination efficiency. The report, titled "The intelligence layer: how..."

Rompetrol Energy, the operator of the cogeneration plant at the Petromidia platform, posted solid operating results for the period from December 30, 2025, to April 30, 2026, successfully supporting the technological processes of the country’s largest refinery—Petromidia Năvodari. The plant, which has passed all the necessary tests and certifications for continuous operation, produced approximately 180,000 MWh of electricity in the first four months. About 25% of the total was delivered to the National Power System, confirming its important role in balancing electricity production and distribution in the Dobrogea region. The amount of energy transferred to the grid was over 6…

The Ministry of Economy, Digitalization, Entrepreneurship and Tourism (MEDAT) launched the „SME ECO-TECH” Program on Wednesday, May 6th, during a conference. „Our experience of over 10 years collaborating with the Swiss side clearly shows us that these instruments work when they respond to real economic needs and are built more around companies and not procedures. In previous programs, over 600 Romanian SMEs have managed to develop their activity and create more than 1,600 jobs, and this is proof that when funding reaches where...

The turnaround of Hidroconstrucția, one of Romania’s largest contractors in the hydropower construction sector, is a rare case in the local market: a transition from insolvency to profitability in an extremely short period of time. Having entered insolvency proceedings in 2022, the company managed to return to profitability in 2024, with a profit of over 3 million euros and significant distributions to creditors, following an extensive restructuring and asset monetization process, according to Agenda Construcțiilor. „According to public data, only 4–5% of insolvency proceedings opened in Romania move beyond the observation phase and obtain confirmation of a reorganization plan. The fact that Hidroconstrucția…

The national currency continued to depreciate on Tuesday against the euro, which was quoted by the National Bank of Romania (BNR) at 5.2180 lei, up 1.82 bani (+0.351%) from the previous rate of 5.1998 lei, reaching a new all-time high. The leu also lost ground against the U.S. dollar, which was quoted at 4.4644 lei, up 2.68 bani (+0.60%), compared to Monday, when it stood at 4.4376 lei, according to Agerpres. The national currency also depreciated against the Swiss franc, calculated by the NBR at 5.6974 lei, up 3.04 bani (0.54%), compared to…