Romanian startup OptiCare, founded in 2021, has developed an innovative mobile application that allows doctors to detect vision disorders through the use of artificial intelligence, company representatives said in a statement.
Law firm Tuca Zbarcea & Asociatii assisted the Amethyst group of clinics in the EUR12 million sale of three buildings to alternative investment fund BT Property, managed by BT Asset Management SAI SA, a company of Banca Transilvania Financial Group.
Romania’s industrial production decreased by 2.3% in unadjusted data in October 2023 versus October 2022 due to the drops recorded for the electricity, gas, steam and air conditioning supply (-5.4%), manufacturing (-1.9%) and mining and quarrying (-1.5%), data from the country’s statistics board INS showed on Wednesday (December 13, 2023).
International Rating Agency Fitch Ratings has affirmed Garanti BBVA Romania’s (GBR) Long Term Issuer Default Rating at ‘BB-‘ with a stable outlook and its Viability Rating (VR) at ‘bb-‘.
The average net salary in Romania increased by 2.2% in nominal terms in October 2023 compared to September 2023, to 4,692 (EUR944), data from the country's statistics board INS showed on Wednesday (December 12).
Romania's annual inflation kept its downward trend in November 2023, decreasing to 6.7%, compared to 8.1% in October 2023 8.8% in September 2023, and 9.4% in August 2023 and July 2023, data from the country's statistics board INS showed on Wednesday (December 13).
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.