Romanian venture capital (VC) firm Cleverage VC, founded three years ago and specialized in medtech investments, has invested in Czech startup KARDI AI, alongside several VCs and angel investors, the startup representatives said in a statement.
HILS Development, the real estate development company of Ionut Negoita, brother of Bucharest’s Sector 3 mayor, has started an urban regeneration project in the Republica area of the city, on the former industrial site Faur-Republica, where it is building a 5,000-apartment complex.
Cluj-based dairy producer Bonas Import Export (BONA.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a net profit of half a million lei, the company said in its quarterly financial report published at the Bucharest Stock Exchange.
Furniture retailer Mobexpert will open a new concept store in Romania, in Ramnicu Valcea, on Thursday (November 30), following an about EUR700,000 investment. The retailer inaugurated two other such stores this year, in Piatra Neamt and Targoviste.
International Finance Corporation (IFC), part of World Bank, is granting an up to EUR50 million loan to UniCredit Leasing Corporation (UCLC), a subsidiary of UniCredit Bank Romania and member of Italy’s UniCredit Group to expand the range of products for green energy and improve competitiveness on the market of climate project funding.
Investimental, the newest broker on the Romanian capital market, and InterCapital Asset Management, the largest independent asset manager in Croatia with assets under management of EUR420 million, announced the signing of an agreement to launch a new Exchange Traded Fund (ETF) on the Bucharest Stock Exchange.
Ovidiu Sandor, founder of Mulberry Development, the developer of the mixed-use project ISHO, and of the Art Encounters Foundation, has inaugurated a new building in the British International School in Timisoara, which will expand the total capacity of the school to 924 students.