Beraria H, the company operating the largest beer hall in Southeast Europe, which is located in Bucharest's Herastrau Park, has announced that it won a tender for a plot of land of over 30,000 square meters, located in Romania's north-eastern city of Iasi, where it plans to develop an extensive urban regeneration project.
Romanian-British start-up Ogre AI, which specializes in providing artificial intelligence-based forecasting solutions for the energy sector, has reached a total investment of EUR6 million after recently getting new funding of EUR3 million.
The Foreign Investors Council (FIC) criticizes the quick adoption of an emergency ordinance on tax amnesty by the Government, arguing that although tax amnesty may have certain short-term benefits in terms of tax collection, in the medium and long term it discourages voluntary compliance and brings uncertainties for good-faith taxpayers.
In the first six months of this year, the members of TechAngels - the largest network of business angels in Romania, have invested a total of more than EUR1 million in technology start-ups, participating in both new and follow on funding rounds.