As of 2024, Safetech Innovations has been involved in five research projects financed by European or national funds, with a total value of approximately RON 14 million.
In the first 9 months of 2024, at the individual level, cybersecurity services contributed 32% to the total turnover, while cybersecurity solutions implementation contributed 68%.
In the first quarter of 2024, at the individual level, cybersecurity services contributed 30% to total turnover, and implementing cybersecurity solutions contributed 70%.
Safetech Innovations, posts an individual turnover of RON 31.1 million, down 11% compared to 2022 and a net profit of RON 9.7 million, down 5%.
Romania's GDP increased by 0.3% on the unadjusted series and 1.5% on the seasonally adjusted series in the first six months of the year, compared to the first half of 2024.
Romania is set to establish its first national AI infrastructure through a joint project launched by the National Institute for Research and Development in Informatics.
The European Investment Bank (EIB) has granted a €25 million loan to Patria Bank to support Romanian small and medium-sized enterprises (SMEs) and Mid-Caps.
Rețele Electrice Romania, part of the PPC group in Romania, is investing approximately RON 70 million (€14 million) to upgrade Bucharest's electricity distribution infrastructure.
Visual Fan's Allview Energy division has completed a 1.96 MWp photovoltaic park project at the Cacica Salt Mine in Pârteștii de Jos, Suceava County.