Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business consultant Doru Supeala, citing an official statement of the company that confirms the restructuring of one of the most important technological innovation centers the US giant has in Romania.
The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total usable area authorized for construction plunged 62%, according to the “SVN Romania Residential Market Drive” report.
Romania's mergers and acquisitions (M&A) market recorded transactions totaling USD1.7 billion at the end of September 2024, significantly higher than the USD134 million level recorded in the same period of 2023, according to the global M&A market report by Boston Consulting Group (BCG).
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has implemented 3 projects for smart power distribution systems in the towns of Galati, Oradea and Targu-Mures.
The overall costs of the global energy transition, estimated at USD200 trillion by 2050, could be reduced by almost 25 percent using de-risking instruments, thus facilitating new methods of financing and refinancing green projects, according to a Deloitte study.
The volume of construction works in Romania decreased, in unadjusted data, by 2.6% in January-September 2024 and by 2% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Nov 20).