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Venture Friends, an investment fund from Greece, is looking at the tech startup ecosystem of Romania to operate new investments and support innovative ideas, Apostolos Apostolakis, partner and co-founder of the fund, one of the first VCs that emerged on Greece’s market, told ZF.
Local startup Ogre AI, which has developed an AI platform dedicated to utilities market players, aims to raise an overall funding round of around EUR2 million.
Home appliances manufacturer De’Longhi Romania currently has 204 jobs available at the Jucu coffee machine plant.
Life Group, which operates Life Dental Spa dental clinics, will in January 2024 also tap into the beauty segment, via Life Beauty brand, after having launched in 2023 a second dental clinic brand, VivoDental targeting patients with lower revenues, explained Stefan Obreja, CEO and co-founder of the group.
FAN Courier, the leader of the parcel delivery market in Romania, saw its revenue go up 15% to RON1.25 billion this year. The growth is because of the growth of online sales, of the investments the company made and of the higher number of cross-border shipments.
Romanian precast concrete product manufacturer ASA CONS, based in Turda, anticipates to end 2023 with a turnover of almost EUR35 million after reaching EUR28.3 million in the first nine months of the year.
Israel-based company Nofar Energy has acquired the largest solar photovoltaic (PV) park in Romania, developed by Portland Trust in the locality of Corbii Mari (Dambovita County).
Patria Bank (PBK.RO) has informed investors in a stock market report on Dec 12 that the mandate of Suleyman Burak Yildiran as General Manager would end, by mutual consent, starting with the date of prior approval by the National Bank of Romania of the new General Manager, but no later than March 12, 2024.
The fast-moving consumer goods (FMCG) market shrank in volume in January-September 2023, which is the best indicator of the spending appetite of Romanian consumers. On the other hand, retailers’ sales continued to increase in value, but solely because of prices went up by 15% to 23%.
Real estate consulting company Cushman & Wakefield Echinox is consolidating its team by recruiting Raluca Stanislav as Head of Business Development.
IT group Bittnet Systems (BNET.RO) notified the Bucharest Stock Exchange of having completed its corporate bonds offer conducted between November 27 and December 12.
OMV Petrom, the largest integrated energy company in Southeastern Europe, has continued to make significant progress in implementing Neptun Deep project.
International rating agency Moody's Investors Service (Moody's) has reconfirmed the Ba1 rating, with a positive outlook, awarded to Romania's national power grid operator Transelectrica (TEL.RO).
Natural gas and electricity distribution company Delgaz Grid has completed development works on the gas distribution network in Toplita (Harghita County), therefore, the municipality of Toplita is connected to the network starting from December 2023.
Visual Fan (ALW.RO), the company behind the Allview brand, has entered the electric car market with the CityZEN model, a vehicle designed to be used in urban traffic and for short trips outside the city, which can be driven by anyone who is at least 16 years of age.
71% of participating companies in the latest survey conducted by eJobs & UP Romania said they would offer Christmas benefits to employees in 2023.
65% of Romanians wouldn't be able to cover their expenses for even a week if they were to run out of income, nearly half (46%) of the population doesn't save any money, and of the people who do that, 27% do not put money into an emergency fund, as per the latest study on Romanians’ financial habits, conducted by KRUK Romania together with IRES, in November 2023.
Despite the recent emergence of artificial intelligence (AI) in the marketing landscape, a Chief Marketing Officer (CMO) Survey conducted by Duke University with the support of Deloitte reveals that 60% of respondents, primarily marketing leaders, have already integrated AI into their strategies over the past year.
Arctic Stream, an IT infrastructure and security integrator, on December 11 signed a significant contract, under the form of a framework agreement, whose value exceeds 10% of the net turnover of the latest closed financial statements (2022).
Law firm PeliPartners has assisted Hidroelectrica in the process of buying the business lines linked to ABC and Calnicel platforms owned by UCM Resita, Romania’s oldest industrial unit.19501 items