Winter holidays continue to spur consumption despite economic pressures on incomes. Almost two thirds (63%) of Romanians say they increase their spending on Christmas and New Year’s Eve, with the percentage reaching 80% in the case of GenZ, reveals the Financial Season Barometer compiled by CFA Romania Association with the aid of UniCredit Bank.
Despite the pandemic and the recent economic slowdown, during the 2019-2025 period Romania household net wealth doubled from RON940 billion to RON1,900 billion. The data is published in BNR’s Financial Stability Report.
IT Genetics, a Romanian technology company specializing in digital automation and operational efficiency, has successfully completed the private placement for its shares, brokered by SSIF TradeVille, and raised RON5.2 million from investors.
.lumen, the Romanian deep-tech startup behind the world’s first AI-powered glasses for the blind, has received a new investment from EIT Urban Mobility, the European innovation community shaping mobility solutions.
ClusterPower, a Romanian data center operator, has signed a partnership agreement with Accelerated Infrastructure Capital (AIC), a Hong Kong-based investment company, to develop an 800 MW region of AI-dedicated data centers in SW Romania, it said in a statement.