Oveit, ticketing and cashless payments company headquartered in Austin TX, USA, has concluded a partnership with Romanian deep-tech startup Humans.ai, for the development of artificial intelligence powered NFTs for live stream shopping.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has exceeded the 5% threshold for the first time, climbing to 5.01% on Monday (May 2, 2022), as per central bank data.
AROBS Transilvania Software, a tech company listed on the Bucharest Stock Exchange under the AROBS ticker, targets RON197.3 million, RON54.9 million EBITDA and net profit worth RON47.3 million at end-2022.
The shareholders of Banca Transilvania (TLV), among which Pillar II pension funds, regional investment funds, the EBRD, approved the distribution of RON800 million from 2021 profit under the form of dividends, the equivalent of a 5.2% return, as well as a RON765 million share capital hike via the granting of free stock.
Romania’s unemployment rate was flat on the month at 5.7% in March 2022, data from the country’s statistics institute INS shows on Monday (May 2).
Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, got the ok from Romania’s National Defense Council (CSAT) to sell and install 5G networks in Romania.
Hotel company Tusnad, which manages two accommodation units in Tusnad resort, doubled its revenues last year, to around RON11 million, from RON5 million in 2020.
Italian-held Maschio Gaspardo, which produces farm machinery in Romania in the plant of Chisineu-Cris of Arad county, expects to generate EUR70 million turnover in 2022, after having lifted production capacity by 20% last year, according to Mirco Maschio, chairman of Maschio Gaspardo group.
Romania’s Energy Ministry, as majority shareholder and Fondul Proprietatea as shareholder (20%) of Hidroelectrica approved payment of RON3.8 billion dividends by the country’s largest electricity producer, on April 28.