TRUDA, the first Romanian machine learning startup capable of analysing online performance in real time to promote the best-selling products in the e-commerce industry, is launching on the market following an investment of 82,000 euros. In the first year of activity, the company plans new investments worth at least 250,000 euros in the development of the technological infrastructure and in […]

Connections Consult SA, listed on the AERO market of BVB and the leader of the digital transformation market in Romania, announces the acquisition of a 25% stake in the edtech 10 Plus Future Education SRL company. The company, specialized in online courses for adults and children, language courses, mathematics, Romanian language, etc. is the first acquisition in this year of […]

Growth in revenues and slight increase in EBITDAaL The Group confirms its financial objectives for 2022 ▪ Revenues for the third quarter 2022 rose 1.0%1 year on year, driven by: – Europe, which performed well (+3.2%) with Spain returning to growth – Africa & Middle East, which grew 4.2% and remains on course to meet its annual growth target of […]

Up Romania and Revolut have concluded a partnership, as a result of which companies in Romania can obtain free access, for 6 months, to one of the most modern expense management services – Revolut Business and, respectively, to the most flexible platform for granting extra-salary benefits to employees – Up Multibeneficii. Starting from 25 October, the companies that become Up […]

Connections Consult (CC), a group of digital transformation companies listed on the secondary market of the Bucharest Stock Exchange (AeRO), is pleased to announce its Advisory Board and the first meeting that took place in London on 16th September 2022. ”With the occasion of our first-year anniversary as a publicly traded company, we are proud to introduce our Advisory Board. […]

Codecool and Software Development Academy (SDA), two leading Central European EduTech companies, today announced a merger to create one of Europe’s biggest digital skilling and sourcing powerhouses. The merged company has a presence in eight countries (Poland, Hungary, Romania, Austria, Slovakia, Czech Republic, Estonia, and Albania) and will train 15,000-20,000 individuals annually and work with nearly 400 global and local […]

OxidOS concluded its first seed round investment of 1.2 million euros. The round was led by EGV and joined by renowned business angels. The DLA Piper team and Nistorescu Law Office provided legal assistance for the transaction. Early Game Ventures is the most active Venture Capital fund in Romania as of 2021, maintaining its position in the second quarter of […]

“Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, presenting the results for the second quarter of 2022 together with Chief Financial Officer Dr. Hans-Ulrich Engel. BASF had already released preliminary figures on July 11. The BASF […]

Bento, Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company listed on the AeRO market of the Bucharest Stock Exchange, specialized in the development and implementation of software solutions and the provision of IT and Cloud infrastructure services, announces the approval of a project with European funds worth approximately 25 million lei within the Competitiveness Operational Program (POC) 2014 – 2020, […]

Favorite areas for Spanish investors in Romania are real estate market, the construction field, but also the IT&C sector. Also, green energy and retail are among the top sectors in our country that attract investments from Spain, according to the information from the ASEMER Association – an association of Spanish investors in Romania. Spanish companies have identified a very high […]

International retailers are interested in entering the Romanian market and demand for large areas has been increasing. 140,000 sq m modern retail spaces to be delivered by the end of 2022 The stock of modern retail spaces will reach approximately 4.2 mln. sq m in 2022, including 140,000 sq m that will be delivered by the end of the year, […]

InstantSpace announces the launch of its automated booking platform that makes booking of venues and services easy and instant. The company raised an additional new investment, valuating the company at 4 mil euro, to support the commercial launch and expand to Israel. EGV led the round with the participation of Sparking Capital and foreign business angels, while DLA Piper provided […]