Romanian-British start-up Ogre AI, which specializes in providing artificial intelligence-based forecasting solutions for the energy sector, has reached a total investment of EUR6 million after recently getting new funding of EUR3 million.
The Foreign Investors Council (FIC) criticizes the quick adoption of an emergency ordinance on tax amnesty by the Government, arguing that although tax amnesty may have certain short-term benefits in terms of tax collection, in the medium and long term it discourages voluntary compliance and brings uncertainties for good-faith taxpayers.
In the first six months of this year, the members of TechAngels - the largest network of business angels in Romania, have invested a total of more than EUR1 million in technology start-ups, participating in both new and follow on funding rounds.
METRO Romania, the largest wholesaler in the local market, is speeding up investments in the proximity retail segment, by proposing a new store concept - LaDoiPasi Extra, which targets urban and peri-urban communities.