Industry | 28 January, 2025 at 10:46 AM
OVES Enterprise accelerates investments, allocating €3 million for R&D in 2025
The company is preparing AI-driven commercial solutions for flight safety and wildfire prevention.
The company is preparing AI-driven commercial solutions for flight safety and wildfire prevention.
Investments focus on streamlining operations, expanding into international marketplaces and developing services.
Hellas Direct has formed partnerships with over 170 brokers, covering 95% of the market, while constantly growing its Romania-based team of experts and claims service partners.
Chinese manufacturer UE Furniture has fully acquired a production facility in Timiș County, Western Romania, from local furniture and chipboard manufacturer Rus Savitar.
Investments in the retail sector will continue in 2025 on the local market, while housing prices could increase in the coming period, according to Colliers Romania forecasting.
The study shows that data-related issues have caused 55% of the organizations to avoid certain Generative AI use cases.
Focus in 2025 on expanding the network, a new factory in Târgu Neamț, team reorganization, new products, digitalization.
Private sector transactions included a €40 million risk-sharing agreement with Banca Transilvania for Omnia Europe SA.
GLGH Steel is now working to secure the support of the Romanian Government for this transaction, which would put the future development of Artrom on the right track.
Victor Constantinescu, Managing Partner & Co-Head of firm-wide Real Estate at Kinstellar Romania, talked to Property Forum about the key deals of 2024 and shared his expectations for the year ahead.
Turning this barge into a floating terminal is a major step for Romania in strengthening energy independence and expanding regional infrastructure.
A €3 million investment in consultancy, production hall upgrade, high-performance equipment, and working capital positions Rafinor as a national leader in the field.
Romania recorded commercial real estate transactions worth around €730 million in the past year, up by 47% compared to 2023, according to a report by iO Partners.
With this new location, Floria strengthens its position in the florists market, targeting a segment of customers who value attention to detail and personalized services.
Danube Wine Collection is Sarom Packaging's premium reply to the industry standardization trend.
Over the long term, the company plans to resume its expansion and development strategies, with the goal of expanding its operational area from 16,300 hectares to 36,000 hectares.
Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release.
This year, the company will construct 140 single-family houses and expects to generate revenues exceeding €14 million.
Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025.
With 14 startups funded, over 100 women engaged, and a commitment to transformative innovation, WIT Angels Club solidifies its role in bridging the gender wealth gap.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romanian tech company Metaminds, which supplies digitalization services for both the private sectors, named Ovidiu Ghiman as its new CEO, replacing Andrei Cruceru.