The Foreign Investors Council (FIC) says health, as the foundation of human capital, is essential for innovation, productivity and, therefore, for Romania’s sustainable economic growth.
Romania’s industrial sales (on the domestic and external markets) decreased by 8.5% in nominal terms in May 2024 compared to April 2024, and by 7.1% versus May 2023, data from the country’s statistical office INS showed on Wednesday (July 17).
OMV Petrom (SNP.RO), along with Austria’s OMV and Netherlands-based investment company ACB Participaties have become shareholders in EIT InnoEnergy, a European company that is an innovation engine in sustainable energy, topping up a 2023 private placement round of EUR140 million.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in May 2024 compared to April 2024, and by 7.2% compared to May 2023, data from the country's statistics board INS showed on Wednesday (July 17).
Rompetrol Rafinare (RRC.RO), a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the Petromidia refinery, following an almost $13 million investment.
The accelerated changes in companies and the much higher workload of the last 12 months have led Romanian employees to learn to use new technologies, according to the results of a PwC survey.
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round, with EUR1 million available on the all-in-one equity management and investment platform SeedBlink, the company officials said in a statement.
ARKA Smart Parcel Lockers, which specializes in manufacturing advanced production lines for the automotive and aviation industries, as well as developing and manufacturing a range of solutions for the courier and postal industry, is to deliver 6,000 lockers to Austria, following the signing of a contract with Austrian Post.
Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the cap of the credit facility from Banca Transilvania.