As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is forecasted to double to 4 percent of global electricity consumption by 2030, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report.
Banca Transilvania, the largest lending institution in Romania, has announced the successful completion of its merger with OTP Bank Romania in the wake of which it has reached a 23% market share and assets climbed by 9%.
Oil drilling company Foraj Sonde Videle posted RON167.3 million turnover in 2024, up 29.2% from 2023.
Rompetrol Well Services, one of the leading wellbore special services companies in Romania, registered RON10.3 million net profit in 2024, 12.6% below the 2023 level.
Trump’s 25% threatened tariffs on EU products risk to pummel the local economy as the US is Romania’s second largest trade partner after UK, reveals an analysis by iBanFirst, a leading global provider of foreign exchange and international payments.
Turism, Hoteluri, Restaurante Marea Neagra, a company that manages several seaside hotels, for 2024 reported RON9.8 million net profit, down 72% from 2023. Operating revenues halved to RON33.3 million.
Cable producer Romcab Targu-Mures, which is under judicial reorganization and whose main stakeholder has entered bankruptcy, ended 2024 with a gross loss ahead of taxation of RON113.6 million, after RON15.9 million profit in 2023.
German retailer Lidl on Thursday, February 27, opened four new stores, in Ploiesti, Galati, Campina and Bolintin Vale.