Category: Business

Early Game invests in Servo AI

Early Game invests in Servo AI

Early Game Ventures announces a seed investment in Servo AI, a startup at the intersection of computer vision and AI, which provides retail, HoReCa, and other brick-and-mortar businesses with unique real-time insights based on CCTV camera footage, helping them streamline their operations. The €1.2 million round is fully funded by Early Game Ventures from Early Game Fund II. Traditionally, CCTV […]

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Consistent growth in Q1 for Connections (CC) business: 1.3 million lei profit and +19 million lei revenues

Consistent growth in Q1 for Connections (CC) business: 1.3 million lei profit and +19 million lei revenues

“The results achieved exceeded both internal estimates and Q1 2024 performance, indicating a visible improvement in operational efficiency,” the company states in the report published on BVB. Connections (ticker symbol CC), a Romanian technology company listed on the AeRO market of the Bucharest Stock Exchange, announces its financial results for the first quarter of 2025. The company reported group-level revenues […]

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IT, Energy and Manufacturing: key sectors of interest for the Bavarian companies seeking partnerships in Romania

IT, Energy and Manufacturing: key sectors of interest for the Bavarian companies seeking partnerships in Romania

A delegation of around 20 business and political representatives from Bavaria, led by State Secretary Tobias Gotthardt of the Bavarian Ministry for Economic Affairs, Regional Development and Energy, is visiting Romania (Bucharest and Iași) and the Republic of Moldova (Chișinău) from May 14 to 17. The purpose of this business trip is to facilitate connections and explore partnership opportunities with […]

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Cegeka Romania: Over €62 Million Turnover in 2024,  Nearly 4% Growth from the Previous Year

Cegeka Romania: Over €62 Million Turnover in 2024, Nearly 4% Growth from the Previous Year

Technology company Cegeka Romania reported a turnover of over €62 million in 2024, representing a growth of nearly 4% compared to the previous year. This growth occurred despite a difficult and uncertain economic environment, as well as the removal of tax incentives in the IT sector, which created numerous challenges for companies in this industry. “2024 was a challenging year […]

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AUSTRIACARD HOLDINGS: Investor Day 2025. Delivering sustainable and profitable growth

AUSTRIACARD HOLDINGS: Investor Day 2025. Delivering sustainable and profitable growth

AUSTRIACARD HOLDINGS (ACAG), an international applied technology group headquartered in Vienna and listed in the Athens and Vienna Stock Exchanges under the symbol ACAG, presented its “Path to Growth” yesterday at the Investors Day 2025. The management team outlined the company’s growth strategy and shared its medium-term financial targets for the next three years. Today’s updates are the foundation for […]

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Connections sells its Service Delivery division and continues investments in technology and cybersecurity

Connections sells its Service Delivery division and continues investments in technology and cybersecurity

Connections, a technology company listed on the Bucharest Stock Exchange, AeRo market (symbol CC), announces the separation of its “Service Delivery” division and its transfer to Outsourcing Support Services S.R.L. (OSSR). As part of this process, OSSR, including its subsidiaries in Bulgaria and Serbia, will be fully sold in a €4.5 million transaction, subject to certain Closing conditions. The division […]

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SGS Releases the Results from its Annual General Meeting

SGS Releases the Results from its Annual General Meeting

All the resolutions proposed by the Board of Directors were approved at the Annual General Meeting that took place today in Geneva. This included the approval of the scrip dividend proposal, the Company’s financial and non-financial reports, the election of all proposed members of the Board of Directors, as well as the relocation of the Company’s registered office. Calvin Grieder, […]

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MGX backs Binance in landmark investment

MGX backs Binance in landmark investment

Binance, the world’s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. It is also the single largest investment into a crypto company […]

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Bible Chat from the Early Game portfolio raises a $14 million Series A

Bible Chat from the Early Game portfolio raises a $14 million Series A

Early Game Ventures, the most active investment fund in Romania and among the most active VC funds in Central and Eastern Europe, according to Vestbee and ROPEA, announces the first major investment raised by a Romanian startup this year: Bible Chat closed a $14 million investment round today, February 19th. The Series A round was led by True Ventures, a […]

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Xiaomi maintains second place in Romania at the end of 2024, according to Canalys

Xiaomi maintains second place in Romania at the end of 2024, according to Canalys

Xiaomi maintains its second position on the Romanian market, in terms of number of units, at the end of the January-December 2024 period, according to the latest report by the technology market analysis company Canalys. In the CEE region, Xiaomi leads the ranking in terms of number of units, with a market share of 31%, for the entire 2024. In […]

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Limitless Agency has reached a turnover of 6.4 million euros in 2024, up 51% compared to the previous year

Limitless Agency has reached a turnover of 6.4 million euros in 2024, up 51% compared to the previous year

Limitless Agency, one of the main digital marketing agencies on the Romanian market, reported a turnover of approximately 6.4 million euros (31,938,356.73 RON) in 2024, a 51% increase from the 4.25 million euros recorded in the previous year. According to the Emarketer report, the global digital marketing market grew by about 10% in 2024, a trend that was also observed […]

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Despite the challenging context in the IT sector, Devhd accomplished in 2024 a revenue growth of over 25% compared to 2023

Despite the challenging context in the IT sector, Devhd accomplished in 2024 a revenue growth of over 25% compared to 2023

Devhd – an innovative company focused on digital transformation solutions and services through AI, based on ServiceNow technology, achieved a revenue growth of over 25% in 2024 compared to last year, a result aligned with the initial financial estimations, despite less favorable macroeconomic and IT industry circumstances. “2024 was a crucial year for Devhd, marked by both significant achievements and […]

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