Keysight Technologies RO (the former Ixia), the local subsidiary of the US company of the same name, in 2025 posted turnover worth RON189.7 million (EUR37.6 million), up around 10% from 2024.
Tineco, the Chinese brand known for its smart cleaning devices, wants to triple sales on the Romanian market in 2026, after a first year of official presence when the company sold thousands of units, with the average price of sold models standing at RON2,000.
Frigorifer, a vegetable processor with Casa Taraneasca brand in its portfolio, ended 2025 with turnover worth RON82.8 million (over EUR16 million), up 20% from 2024.
State-owned IAR Brasov, which produces and repairs spare parts for helicopters, in the first three months of 2026 posted RON30.6 million net profit, almost double the year-earlier level.
Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports. Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year. The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday, citing a person familiar with the matter. The person said AI is being used more extensively throughout Kraken, but the company is not planning further job cuts at the moment. Read more
Two security companies have flagged the address where the stolen funds are allegedly being held, showing the cryptocurrencies have been converted into 5,402 Ether. Verus Protocol’s Ethereum bridge was reportedly exploited on Monday through a fake cross-chain transfer message that allowed a hacker to fraudulently transfer out at least $11.58 million in cryptocurrency. Onchain security platform Blockaid said in an X post on Monday that its detection system identified an ongoing exploit on the Verus-Ethereum bridge and shared a transaction on Etherscan showing a transfer of 1,625 Ether (ETH), 147,659 USDC (USDC) and 103.57 tBTC v2, worth over $11.5 million. Blockchain security company PeckShield also called the transfer an exploit, with onchain data showing the funds have since been converted into Ether. The wallet shows a balance of 5,402 Ether, worth over $11.4 million, according to Etherscan. Read more