SAP Partners with AWS to Innovate ERP Solutions with Generative AI
Amazon Web Services (AWS) and SAP SE have announced an expanded strategic collaboration to innovate enterprise resource planning (ERP) solutions using generative artificial intelligence (AI). This partnership aims to enhance the adoption of RISE with SAP on AWS, improve SAP workload efficiency in the cloud, and integrate generative AI across critical business applications. Key innovations […]
Restart Energy Signs 56 Million Lei Connection Contract with Transelectrica for 500 MW Solar Park
Restart Energy has signed a 56 million lei connection contract with Transelectrica for a 500 MW solar park in Șimand, Arad County. This project will supply over 200,000 households in Romania with green energy. The solar park, the second largest in Romania, will be financed by US Exim Bank through Interlink Capital Strategies, based in […]
OMV Acquires Renovatio Asset Management with Over 400 Charging Points
OMV Petrom, the largest integrated energy producer in Southeast Europe, has completed the acquisition of Renovatio Asset Management, the owner of the largest electric vehicle charging network in Romania. The network currently boasts over 400 charging points, with growth prospects reaching approximately 650 by 2026. The transaction has been approved by the Competition Council and […]
VIG Reports 11% Increase in Gross Written Premiums for Q1 2024
Vienna Insurance Group (VIG) has announced a significant 11% rise in gross written premiums, reaching 4.3 billion euros in the first quarter of 2024. This increase reflects the company’s robust business performance and strategic growth across various regions. In Q1 2024, VIG’s gross written premiums totaled 4.297 billion euros, up from 3.871 billion euros in […]
CTP Acquires 270,000 sqm of Warehouses and 30 ha of Land in Romania
CTP, the largest developer, owner, and manager of industrial and logistics spaces listed in Europe, has expanded its presence in Romania by acquiring a significant portfolio from Globalworth, a leading office investor in Central and Eastern Europe (CEE). This acquisition includes 270,000 square meters of Gross Leasable Area (GLA) and 30 hectares of land spread […]
AmCham Promotes Romania as a Destination for Strategic Investments
The American Chamber of Commerce in Romania (AmCham Romania) will host the third edition of the USA-Romania Economic Forum in Washington D.C. on June 20, 2024. This landmark event is designed to position Romania as a prime destination for American investments. Under the theme “Partnership for Development,” the forum will convene officials from both the […]
Ford Otosan Appoints New President and General Manager for Craiova Plant
Ford Otosan has announced that starting June 1, Fırat Elhüseyni will assume the role of President and General Manager at Ford Otosan Craiova, succeeding Müjdat Tiryaki. Tiryaki will take on new responsibilities as Next Generation Manufacturing Lead at the company’s headquarters in Turkey. Elhüseyni began his career at Ford Otosan in April 2002 as a […]
Xiaomi’s Adjusted Net Profit Doubles in Q1 to 856 Million EUR
Xiaomi Corporation reported a significant increase in its adjusted net profit for the first quarter of 2024, reaching 856 million EUR (6.5 billion RMB), doubling from the same period last year. The group’s total revenue rose by 27% YoY, amounting to 9.9 billion EUR (75.5 billion RMB). This impressive performance was driven by robust growth […]
Danone: 25 Years of Supplying 15 European Countries with Romanian Milk
Danone Romania is celebrating a quarter-century of using 100% locally sourced Romanian milk to produce dairy products that supply not only the local market but also 14 other European countries. Over the past 25 years, Danone has consistently invested in its Bucharest factory, transforming it into the most advanced Danone facility in Europe with an […]
Bosch Invested 72 Million Euros in Romania in 2023
Bosch, a global leader in technology and services, reported a solid financial performance in Romania for the fiscal year 2023, despite market uncertainties. The company recorded consolidated sales of 25 billion lei (5.162 billion euros) in Romania, maintaining levels similar to the previous year. Total net sales, including those from non-consolidated companies and internal deliveries […]