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BASF Group: Reporting on the 2023 business year

BASF Group: Reporting on the 2023 business year

In a market environment shaped by economic uncertainty, BASF Group reported sales of €68.9 billion in the 2023 business year, compared with €87.3 billion in the previous year. This sales development was mainly driven by considerably lower prices and volumes. Lower raw materials prices in particular led to lower prices in almost all segments. Sales volumes fell in all segments […]

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SII Romania expands with its second regional office, in Timișoara

SII Romania expands with its second regional office, in Timișoara

SII Romania, a multinational company specialized in IT services and solutions, announces the opening of its second regional office in Timișoara, following the success achieved with the opening of the first office in Iași. This expansion is part of the territorial development strategy and underscores the company’s commitment to providing high-quality services and customized solutions to clients throughout the country. […]

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Schneider Electric outperforms 2023 sustainability targets and maintains its leadership in ESG ratings

Schneider Electric outperforms 2023 sustainability targets and maintains its leadership in ESG ratings

Schneider Electric, the leader in the digital transformation of energy management and automation, announced today its 2023 sustainability impact performance as part of its full-year financial results. The Schneider Sustainability Impact score for the year exceeded expectations, reaching 6.13 out of 10, and surpassing the year-end target of 6 out of 10. Schneider Electric was also recognized as a top […]

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SDx transformation redesigning enterprise fabric across sectors

SDx transformation redesigning enterprise fabric across sectors

With the proliferation of software-defined everything (SDx) technologies such as Software-Defined Networking (SDN), Software-Defined Wide Area Networking (SD-WAN), and Software-Defined Storage, organizations across various sectors are experiencing transformative shifts in their digital infrastructure, states GlobalData, a leading data and analytics firm. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “The surge in the adoption of agile IT solutions, […]

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IoT Market to See Another Year of Double-Digit Growth

IoT Market to See Another Year of Double-Digit Growth

As one of the technologies driving Industry 4.0, along with artificial intelligence, Big Data, robotics, and automation, the Internet of Things (IoT) has entered almost every market over the past years, providing seamless communication between people, processes, and devices. Although the global semiconductor shortage has slowed the market growth compared to pre-pandemic levels, the global demand for IoT solutions continues […]

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Vodafone expands the commercial Open RAN network in Romania, in partnership with Samsung

Vodafone expands the commercial Open RAN network in Romania, in partnership with Samsung

Vodafone Romania is expanding, in partnership with Samsung, the Open RAN network project, tested last year, with new sites in 20 cities across the country, to deliver stable and high-quality network services to Vodafone’s customers. Samsung provides Vodafone with its vRAN solution supporting multi-RAT (multi-Radio Access Technology – technology that allows the device to simultaneously connect to at least one […]

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Romania is among the most active mergers and acquisitions markets in Central and Eastern Europe

Romania is among the most active mergers and acquisitions markets in Central and Eastern Europe

The mergers and acquisitions (M&A) market in Romania slightly decreased in volume in 2023 compared to the previous year, but maintained its value, according to an analysis conducted by Deloitte Romania. The number of transactions with values over 5 million euros analyzed by Deloitte Romania was 130 last year, compared to 157 in 2022, when the local market reached a […]

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Strategic partnership between Vodafone Romania and Ericsson for 5G deployment

Strategic partnership between Vodafone Romania and Ericsson for 5G deployment

Vodafone Romania opens new opportunities for upgrading its current infrastructure and for 5G deployments by awarding Ericsson (NASDAQ: ERIC) as a key 5G radio access network (RAN) partner with the mission of bringing 5G benefits to consumers and enterprises. As part of the six-year agreement, Vodafone Romania will also use Ericsson’s RAN technology to enhance  its existing mobile network which […]

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80% global leaders expect Gen AI to transform their organization within three years

80% global leaders expect Gen AI to transform their organization within three years

Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that participated to Deloitte’s study “The State of Generative AI in the Enterprise: Now decides next” expect the technology to transform their organization within three years. More than half of respondents report a strong focus on tactical benefits, such as improving […]

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Telefónica Renews Collaboration Agreement with Vertiv to Reduce Energy Consumption and Carbon Footprint at Telefónica Locations in Spain

Telefónica Renews Collaboration Agreement with Vertiv to Reduce Energy Consumption and Carbon Footprint at Telefónica Locations in Spain

Vertiv, a global provider of critical digital infrastructure and continuity solutions, today announced it is extending its collaboration agreement with Telefónica, a leading telecommunications company, to improve energy efficiency. Under the agreement, Telefónica expects to save around 45 GWh per annum within three years, equivalent to the energy consumption of about 13,000 homes in Spain. Vertiv will provide a turnkey […]

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AI, social media, and cloud trending themes in hiring in 2023 amid declining job postings

AI, social media, and cloud trending themes in hiring in 2023 amid declining job postings

2023 saw many companies across the globe announcing layoffs amidst a continuous decline in job postings. Major players like JPMorgan Chase & Co, Ford Motor Co, SAP SE, Tesco Plc, Salesforce Inc, Cisco Systems Inc, and The Goldman Sachs Group Inc were among the companies that announced job cuts. Despite this, healthcare, foodservice, and construction witnessed an increased year-on-year (YoY) […]

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Allevo helps 17 banks access the new ReGIS system

Allevo helps 17 banks access the new ReGIS system

Allevo successfully completes a complex project, supporting 17 banks successfully connect to the new ReGIS system, operated by the National Bank of Romania. These account for half of the system’s participant banks and sum a market share of about 50%. „ReGIS is the national funds transfer system with real-time gross settlement (RTGS) for payments in lei owned and operated by […]

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