Romanian startup OptiCare, founded in 2021, has developed an innovative mobile application that allows doctors to detect vision disorders through the use of artificial intelligence, company representatives said in a statement.
Law firm Tuca Zbarcea & Asociatii assisted the Amethyst group of clinics in the EUR12 million sale of three buildings to alternative investment fund BT Property, managed by BT Asset Management SAI SA, a company of Banca Transilvania Financial Group.
Romania’s industrial production decreased by 2.3% in unadjusted data in October 2023 versus October 2022 due to the drops recorded for the electricity, gas, steam and air conditioning supply (-5.4%), manufacturing (-1.9%) and mining and quarrying (-1.5%), data from the country’s statistics board INS showed on Wednesday (December 13, 2023).
International Rating Agency Fitch Ratings has affirmed Garanti BBVA Romania’s (GBR) Long Term Issuer Default Rating at ‘BB-‘ with a stable outlook and its Viability Rating (VR) at ‘bb-‘.
The average net salary in Romania increased by 2.2% in nominal terms in October 2023 compared to September 2023, to 4,692 (EUR944), data from the country's statistics board INS showed on Wednesday (December 12).
Romania's annual inflation kept its downward trend in November 2023, decreasing to 6.7%, compared to 8.1% in October 2023 8.8% in September 2023, and 9.4% in August 2023 and July 2023, data from the country's statistics board INS showed on Wednesday (December 13).
Venture Friends, an investment fund from Greece, is looking at the tech startup ecosystem of Romania to operate new investments and support innovative ideas, Apostolos Apostolakis, partner and co-founder of the fund, one of the first VCs that emerged on Greece’s market, told ZF.
Local startup Ogre AI, which has developed an AI platform dedicated to utilities market players, aims to raise an overall funding round of around EUR2 million.
Home appliances manufacturer De’Longhi Romania currently has 204 jobs available at the Jucu coffee machine plant.