Industry | 24 June, 2025 at 6:30 AM
Romania submits bid for Black Sea AI Gigafactory
Romania's Ministry of Economy says it submitted a letter of intent to the European Commission to host the planned Black Sea AI Gigafactory.
Romania's Ministry of Economy says it submitted a letter of intent to the European Commission to host the planned Black Sea AI Gigafactory.
The Romanian economy is projected to grow by 1.3% this year, a decrease from the 2.1% forecast in January, according to the latest World Bank report on global economies.
Lion's Head Investments has secured the building permit for its first logistics park in Romania. The company will invest €65 million in the industrial project located in Popești-Leordeni, near Bucharest, for which construction is slated to start in Q3 2025.
The World Bank projects that economic growth in the Europe and Central Asia region will decelerate in the coming years, while Romania will stay on a growth path.
Investment, especially in Poland and Romania, is expected to improve on the back of structural reforms and delayed EU funds.
Mozaik Investments has announced the acquisition of a majority stake in Genesis College, one of Romania's largest private educational institutions.
Romanian energy producer Romgaz Group has released its preliminary operational results for H1 2025, showing a largely stable performance compared to the same period in 2024.
T2Y Capital, a financial investor focused on growth capital in the energy sector, is investing in Prime Batteries, making it the second-largest shareholder.
Orange Romania recorded a consolidated turnover of €684 million in H1 2025, a 2.1% decrease compared to the same period last year.
Citi Romania has implemented three GenAI tools for its employees, as part of a significant global investment designed to simplify workflows and streamline daily tasks.