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Romania is seeking energy independence in response to the war in Ukraine.

According to the National Institute of Statistics, Romania relies on Russian energy for a quarter of its energy consumption. The Ministry of Energy sa

According to the National Institute of Statistics, Romania relies on Russian energy for a quarter of its energy consumption. The Ministry of Energy says that the Romania is one of the least dependent on Russian gas. Because neither the state nor the company has a contract with Gazprom. Romania is failing to meet the EUs 32% renewable energy target by 2030 due to the slow growth of renewable sources. Romania expects 16 billion euros in EU funding to develop its energy sector by 2030. Romania has committed 1.6 billion euros to the energy sector in its national recovery plan. This includes € 460 million for renewable energy production, € 300 million for highefficiency cogeneration, and € 200 million for photovoltaic cells and panels. Read More..

B2B Tech News | 3 years ago        

Microfinance Summary Kuunda is raising $ 2 million to expand its shortterm financial model for mobile agents, retailers and consumers to seven African countries.

Kuunda, a Mauritiusdomiciled financial technology company Fintech, has completed its initial investment with a new investment of $ 2.25 million. Other

Kuunda, a Mauritiusdomiciled financial technology company Fintech, has completed its initial investment with a new investment of $ 2.25 million. Other investors include FINCA Ventures, Future Africa, Launch Africa, Kepple Africa Ventures, Magic Fund, Greenhouse Capital, Mercy Corps Ventures, and Seedstars. The fund is assumed to improve Kuundas ongoing operations in Tanzania and Pakistan and expand to the Democratic Republic of the Congo, Egypt, Malawi and Mozambique., Nigeria, Uganda, and Zambia. Read More..

B2B Tech News | 3 years ago        

IMF Only a flexible exchange rate can save Kenya from currency shock.

After falling to 117.04 on Friday, the shilling set a new record low versus the dollar. The Kenyan currency has been harmed by the strengthening of th

After falling to 117.04 on Friday, the shilling set a new record low versus the dollar. The Kenyan currency has been harmed by the strengthening of the US dollar, which has gained 6.8% since the beginning of the year. According to the International Monetary Fund IMF, a flexible exchange rate will help Kenyas economy withstand external shocks. Despite devaluation of the shilling, the Central Bank of Kenya CBK remains committed to a flexible exchange rate regime and will not deviate from this policy. Read More..

B2B Tech News | 3 years ago        

Hilton has announced plans to open Hampton via West Wien City in Austria.

Hilton has announced plans to open one of the largest Hampton hotels in the world with the Hilton Hotel in Vienna. The new complex is scheduled to ope

Hilton has announced plans to open one of the largest Hampton hotels in the world with the Hilton Hotel in Vienna. The new complex is scheduled to open in the autumn of 2024 as part of a new € 40 million increase. Behind the project is Primestar Hospitality GmbH, which has several ownership agreements with Hilton in Germany. Chanbron Palace is one of the largest Baroque castles in Europe, a 20minute walk from Hampton via West Hilton Wayne City. Read More..

B2B Tech News | 3 years ago        

Milpitas Communications startup Eltropy acquires video calling company POPio.

Eltropy Inc., which helps credit unions digitally communicate with their customers, has acquired POPio Mobile Video Cloud LLC. The Utahbased company p

Eltropy Inc., which helps credit unions digitally communicate with their customers, has acquired POPio Mobile Video Cloud LLC. The Utahbased company provides video calling software for the banking industry. Eltropy CEO Ashish Garg Were empowering credit unions to build robust virtual branch capabilities. Read More..

B2B Tech News | 3 years ago        

India will be the fastest growing asset market in the next decade Henley research.

The number of dollar millionaires and billionaires will grow by 80% over the next ten years in India compared to just 20% in the US. These are compare

The number of dollar millionaires and billionaires will grow by 80% over the next ten years in India compared to just 20% in the US. These are compared with 10% growth in France, Germany, Italy, and the UK. The latest projected 2022 net inflows and outflows of US dollar millionaires for India are forecast by New World Wealth. UAE is expected to attract the biggest net inflow of HNWIs globally in 2022 , according to forecasts on the Henley Private Wealth Migration Dashboard. Singapore is placed 3rd, after Australia, with expected net inflows of 2,800 this year compared to 4,000 into the UAE and 3,500 into Australia. Countries providing excellent infrastructure for wealth preservation are likely to remain popular destinations. Read More..

B2B Tech News | 3 years ago        

Hungary launches investigation into Ryanair after airline declares tax fraud.

Hungary has ordered a consumer protection investigation into Ryanair, a budget airline. The budget airline based in Ireland announced that it would pa

Hungary has ordered a consumer protection investigation into Ryanair, a budget airline. The budget airline based in Ireland announced that it would pass on new windfall taxes to customers. Airlines must pay a HUF3,900 €9.8 contribution per passenger for flights to EU countries according to a decree. A day earlier, Ryanair had launched a savage attack on the new tax, announcing that it would charge passengers the additional tax and give passengers the option of getting a refund on their tickets. Read More..

B2B Tech News | 3 years ago        

As prices rise, the British economy shrinks unexpectedly.

Between March and April, the economy shrank by 0.3 percent, falling short of economists expectations. The end of the NHSs testandtrace program slowe

Between March and April, the economy shrank by 0.3 percent, falling short of economists expectations. The end of the NHSs testandtrace program slowed growth in April. The data came after two months of stagnation, the worst combination of rising prices and slowing economic growth since the 1970s. The service sectors output fell by 0.3 percent in April, accounting for the majority of the drop in GDP. Despite a 2.7 percent increase in wholesale and retail trade, this was the case. In the three months leading up to April, the ONS released data showing that the UK imported £24.3 billion more than it exported. Read More..

B2B Tech News | 3 years ago        



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