Malta International Airport’s second, new summer route for 2017 was launched yesterday evening. The first passengers from Cluj-Napoca in Romania were given a special welcome by hosts donning the traditional Maltese costume and treated to a cake-cutting ceremony, according to Independent.com.mt.
The organizers of Romania’s Electric Castle music festival have announced new names for this year’s lineup, including famous indie-rock band Franz Ferdinand and well-known band UNKLE, says Romania-Insider.com.
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Horia Colibasanu, one of Romania’s top mountain climbers, is getting ready to climb the Everest (8,848m) without additional oxygen or the help of Sherpas, according to Romania-Insider.com.
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Japanese car maker Mitsubishi may be interested in opening an engine factory in Romania, which would require an investment of over EUR 200 million, according to Stirileprotv.ro.
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The European Commission said in its Winter 2017 economic forecast that Romania’s economy grew by 4.9 percent of GDP last year – a new post-crisis high – and that GDP expansion is set to slow down through to 2018, while the budget deficit will widen, according to TransylvaniaToday.ro.
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More than 30 investors from Transylvania have decided to set up Risky Business, the first acceleration fund for startups in Romania, with a value of EUR 250,000. The fund was recently launched in Cluj-Napoca, says Romania-Insider.com.
The Romanian Commercial Bank (BCR), EximBank and BT (Banca Transilvania) provided Pehart Tec Group, one of the biggest producer of tissue paper in Eastern Europe, with an EUR 24 million syndicated loan. The company owns two production platforms in Dej (Cluj county) and Sebeş (Alba county), says Business-Review.eu.
In the latest report of the European Commission, the executive arm of the European Union, on the assessment of the local judiciary under the Cooperation and Verification Mechanism (MCV), experts have concluded that Romania still has to carry out reforms in order to secure the removal of the MCV by the end of the presidency of Jean-Claude Juncker, says Business-Review.eu. “The momentum built up so far allows the focus to shift to the key remaining steps which need to be taken to reach the CVM objectives and therefore to complete this important process under this Commission mandate, in line with the goal set by President Juncker, according to TransylvaniaToday.ro.
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Foreign Direct Investment increased by 36 percent year-on-year in the first eleven months of 2016 to EUR 3.93 billion,data published by the National Bank of Romania (BNR) shows, according to Business-Review.eu.
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Fitness wearable producer Fitbit acquired Romanian-UK smart watch manufacturer Vector Watch, according to Romania-Insider.com. As part of the transaction, both the Vector Watch team and its software platform went to Fitbit. At the same time, Vector Watch will no longer release new products. “You will continue to enjoy the Vector Watch experience: a 30-day battery life smartwatch, with customizable watch-faces and dedicated streams. However, new product features (software and hardware) will not be added,” a company announcement said.