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.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).