Sinteza SA Oradea (STZ.RO), one of the largest local chemical companies, has signed a letter of intent with the US company Lockheed Martin to license the GridStar® Flow technology for the production of negative electrolyte in order to build a long-term storage battery factory, an EUR50 million investment.
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business consultant Doru Supeala, citing an official statement of the company that confirms the restructuring of one of the most important technological innovation centers the US giant has in Romania.
The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total usable area authorized for construction plunged 62%, according to the “SVN Romania Residential Market Drive” report.