Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round, with EUR1 million available on the all-in-one equity management and investment platform SeedBlink, the company officials said in a statement.
ARKA Smart Parcel Lockers, which specializes in manufacturing advanced production lines for the automotive and aviation industries, as well as developing and manufacturing a range of solutions for the courier and postal industry, is to deliver 6,000 lockers to Austria, following the signing of a contract with Austrian Post.
Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the cap of the credit facility from Banca Transilvania.
Italian-held Maschio Gaspardo, which produces farm machinery in Romania at its plant in Chisineu-Cris of Arad county, ended 2023 with a turnover of RON353.4 million (nearly EUR71.5 million), down 15.2% from RON417.1 million (nearly EUR84.6 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.
TotalSoft, one of the largest software developers in Romania, reported losses of RON652,000 (EUR0.13 million) for 2023, compared to net gain of over RON590,000 in 2022, in line with data published on the finance ministry website.
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, ended 2023 with a turnover of RON1.716 billion (EUR347 million), up nearly 0.6% from RON1.706 billion (almost EUR346 million) turnover reported in 2022, Ziarul Financiar (ZF) has calculated from Finance Ministry data.