DEVELOPMENT
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Zitamine Nutrition Raises EUR350,000 For Development
Local startup Zitamine Nutrition, which developed an algorithm to personalize food supplements for each individual separately, has raised EUR350,000 from three investment funds in Romania –...
Bucharest Residential Developer Makes EUR70M Investment In Five-Star Hotel Project In Poiana Brasov
Real estate development company Rock Development Holding will invest EUR70 million in the development of the first five-star hotel project in Poiana Brasov. The new luxury project will consi...
Iulius Group’s Project on Carbochim Site in Cluj-Napoca Now in Permit Securing Stage
Cluj-Napoca is the city where real estate developer Iulius is focusing on right now, while Constanta is considered for a future project and Bucharest, too, is on the list of development plan...
Footprints AI Budgets EUR1M for Investments in 2023
Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers and anticipate their spending patterns throug...
It’s Official: Burger King Resumes Development in Romania with New Partner
Burger King will resume expansion in Romania via a new franchisee, Rex Concepts CEE, which hired Cristian Turculet as head of operations for Romania, to do that.
Green Genius Signs First Solar Power Development Contract in Romania
Green Genius, one of the main European renewable energy developers, part of Lithuania’s Modus Group, has signed the first solar power development contract in Romania, a EUR8 million project...
Energy Power Holding Has 1,500 MW in PV Parks in Development in Romania
Energy Power Holding, an Austrian-held company operating in Austria, Estonia, Slovenia and Poland, has recently completed the acquisition of six green power projects or a total of 81 MW in R...
Ford Otosan to Attract New Suppliers to Ford Craiova Plant, Possibly Open R&D Center
Craiova can attract new investments in the automotive industry beyond the almost EUR500 million euros already announced by Ford Otosan after the takeover of the plant.
Romania Game Development Industry Ends 2021 with 20% Growth in Revenue to $312M
The Romanian video game development industry closed 2021 with $312 million revenue an increase of 20% on 2020, more than double the 2016 figure, an annual survey by the Romanian Video Game D...