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EIT Manufacturing Moonshot Call presented at Green Accelerator in Davos

EIT Manufacturing Moonshot Call presented at Green Accelerator in Davos

EIT Manufacturing enlisted support for its Moonshot Call, an initiative which seeks disruptive solutions that can decarbonise manufacturing, in front of an exclusive audience of forward-thinking executives, entrepreneurs, investors and startups at The Green Accelerator in Davos, Switzerland, on 25 May 2022. EIT Manufacturing, manufacturing-focused Knowledge and Innovation Community within the European Institute of Innovation and Technology (EIT), a body […]

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Color Smart Distribution is investing more than half a million euro for expansion in 2022

Color Smart Distribution is investing more than half a million euro for expansion in 2022

The Romanian company Color Smart Distribution, the only importer and distributor in Romania and the Republic of Moldova of the premium brands Novacolor and Pittsburgh Paints, has budgeted in 2022 an investment of over 500,000 euro, for expansion. In addition, the company allocates 3-5% of its annual revenues for sales support materials, and a significant part of the budget goes […]

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BASF and AHK Romania announce the start of the applications in Romania for the new edition of the innovative solutions competition

BASF and AHK Romania announce the start of the applications in Romania for the new edition of the innovative solutions competition

BASF – the world’s largest chemical company and European leader in research and development, along with AHK Romania, are announcing the BASF Innovation Hub program, which will gather start-ups and innovators from 11 countries of Central and Southeast Europe, including Romania. The project aims to act as a launching platform, supporting start-ups by promoting the best ideas and also by […]

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NextUp: RO e-Factura invoicing system doesn’t bring visible benefits for the private sector. Manual data transfer to ANAF could take up to one week

NextUp: RO e-Factura invoicing system doesn’t bring visible benefits for the private sector. Manual data transfer to ANAF could take up to one week

RO e-Factura, the national electronic invoicing system, which is mandatory for B2B companies from 1st July, does not bring visible benefits for the business environment, the positive economic effects being visible in time and only if the new system will be applied in all areas of activity, according to NextUp, a software solutions company, which has implemented a solution for […]

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Cluster Power Data Center becomes the first data center in Romania to achieve the world’s most prestigious certification, Uptime Institute Accredited

Cluster Power Data Center becomes the first data center in Romania to achieve the world’s most prestigious certification, Uptime Institute Accredited

The data center built near Craiova by Cluster Power with the help of Tema Energy’s engineering team has officially achieved Tier III Design Accredited accreditation from the US Uptime Institute. Cluster Power is the first hyper-scalable data center with artificial intelligence capabilities in Romania. Uptime Institute is based in New York and brings together accredited experts who review and certify […]

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5 reasons why Romanian employees do not want to return to the office

5 reasons why Romanian employees do not want to return to the office

More than 70% of employers in the EMEA region are turning to the hybrid work system, according to CBRE’s annual Office Occupier Survey. The data shows the trend of employees returning to the offices. In Romania, also, employees seem eager to return to the companies’ offices. Approximately 60% of the respondents of an online survey conducted by CBRE Romania in […]

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GEFCO introduces a new road-rail solution for Toyota Motor Europe

GEFCO introduces a new road-rail solution for Toyota Motor Europe

GEFCO has created an innovative road-rail solution to save Toyota Motor Europe in CO2 emissions. Drawing on GEFCO’s multimodal logistics expertise, this service transports automotive parts in reusable containers from Spain to the north of France in two daily return journeys. Compared with the previous road-only transportation, this solution enables Toyota to significantly reduce its carbon footprint. This latest logistics […]

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Vodafone Romania reports the financial results for the financial year ended March 31st, 2022

Vodafone Romania reports the financial results for the financial year ended March 31st, 2022

Vodafone Romania announces the key performance indicators for the financial year ended March 31st, 2022, as reported today by Vodafone Group Plc. The service revenue is at EUR 764 million. Compared with last financial year, the organic service revenue registered a decrease of 0.1%. Vodafone Romania customer base reached 11.1 million at March 31st, 2022, and it includes clients of […]

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Expansion after listing on the Bucharest Stock Exchange: Softbinator Technologies moves its offices to Opera Center

Expansion after listing on the Bucharest Stock Exchange: Softbinator Technologies moves its offices to Opera Center

Softbinator Technologies (stock symbol CODE), a Romanian software development company specializing in the design, development and market launch of innovative products, has chosen the Opera Center One building, part of the CA Immo portfolio, to be its new employee-friendly workspace as part of its strategy to strengthen its position as a leading employer. Softbinator Technologies, a company founded by Daniel […]

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Data centers in Romania represent 3% of national electricity consumption

Data centers in Romania represent 3% of national electricity consumption

Data centers in Romania consume about 1.5 billion kWh of electricity annually, which represents about 3% of the total of about 50,818 billion kWh nationwide, according to Tema Energy, Data Center Forum Romania conference’s organizer, now in its fifth edition. In 2019 this percentage was 2.1%, according to Tema Energy estimates, but the intense digitalization in recent years, the emergence […]

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BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, at the company’s virtual Annual Shareholders’ Meeting this year. BASF had already released preliminary […]

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SEK Bucharest International School opens its first school from Romania, in Sema Parc

SEK Bucharest International School opens its first school from Romania, in Sema Parc

River Development announces that International Institution SEK Bucharest International School is opening its first school in Romania in a building in Sema Parc, for current educational activities and future expansion. The transaction was brokered by ESOP Consulting, a local real estate consulting firm. Founded in 1892, the International Institution SEK Bucharest International School offers its students a program of trilingual […]

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