Three European entrepreneurs propose a groundbreaking undersea energy interconnection to link Europe with North America. Touted as the world’s largest subsea energy interconnection, this ambitious project aims to transfer renewable electricity bi-directionally, leveraging the sun’s movement across the sky. Project Overview The
OMV Petrom, one of Romania’s leading oil and gas groups, has officially announced its acquisition of a 50% stake in the largest portfolio of wind energy projects in Romania from RNV Infrastructure. This portfolio is part of Electrocentrale Borzești, which includes projects
The European Central Bank (ECB) has officially declared Revolut Bank UAB a “significant” entity, marking a pivotal moment in the digital banking sector. This classification means Revolut will join the ranks of over 100 major banks under the direct supervision of the
The Israeli government has agreed to provide a substantial $3.2 billion subsidy to Intel Corp for the construction of a new $25 billion chip manufacturing facility in southern Israel, marking a significant boost to the country’s technological infrastructure. This move, reported by
The European Union has released an update that states that it will be granting AI startups access to processing power for model training on the bloc’s supercomputers, and France’s Mistral AI is already engaged in a pilot phase. However, an early conclusion
The report emphasizes the need for Romania to spend more efficiently. It suggests implementing spending reviews, like those conducted in OECD countries, particularly focusing on healthcare and education sectors for 2023. However, the report cautions against drastic public spending cuts in a
Figma and Adobe had announced plans for an acquisition 15 months ago. This move was seen as a significant consolidation in the digital design industry, aiming to combine the strengths of both companies to better serve their respective communities. However, the journey towards this
Intel CEO Pat Gelsinger expressed confidence in Intel’s future during a Yahoo Finance interview, positioning the company for what he describes as one of the greatest turnaround stories. Gelsinger highlighted the company’s focus on ramping up its AI chipmaking, specifically mentioning the
After years of extensive discussions among member states and members of the European Parliament, a landmark agreement has been reached on regulating Artificial Intelligence (AI) within the European Union. This agreement, hailed as a pioneering step in the digital world, aims to
Bosch, one of the leading suppliers of automobile components, has announced plans to reduce its workforce by up to 1,500 positions across two of its factories in Germany by the year 2025. This decision comes as the company seeks to align its
The report identifies renewable energy, transportation, and finance as key sectors for encouraging private sector-led accelerated growth. Romania can build upon the success of its burgeoning IT sector and further support the services sector by improving digital skills. The private sector can