Category: News

Rohlik Group, a leading European food retail technology company and online grocery market player, has secured $170 million (160 million euros) in new growth capital. The investment, led by the European Bank for Reconstruction and Development (EBRD), includes participation from existing investors Sofina, Index Ventures, Quadrille, and TCF Capital, complemented by growth funding from the […]

The Swiss-Romanian Chamber of Commerce (CCE-R) is stepping in to help Romanian hospitality companies overcome significant workforce challenges by facilitating connections with Swiss training programs and solutions. These partnerships aim to enhance the skills and competencies of future managers, ensuring sustainable growth and development in the sector. Investing in Professional Development Romanian hospitality employers are […]

Deutsche Telekom subsidiaries T-Mobile Czech Republic, Slovak Telekom, and CE Colo Czech Republic have signed cross-border virtual Power Purchase Agreements (VPPAs) with Rezolv Energy, enabling the procurement of 100GWh of clean energy annually for 12 years. The agreements mark the first cross-border VPPAs for Czech and Slovak companies, facilitating the construction of one of Europe’s […]

Rezolv Energy and Low Carbon, through their subsidiary First Looks Solutions S.R.L., have secured loans of up to €291 million for Phase 1 of the VIFOR wind farm in Buzău County. The financing, supported by a consortium of 8 banks led by Erste Group, UniCredit Group, and the European Bank for Reconstruction and Development, marks […]

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 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 […]

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 […]

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 […]

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 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 […]