EximBank announced it concluded a financial accord of 21 million lei with Urbioled Iasi, a company producing, distributing and installing LED type sources and the financial package structured by the bank is meant to finance and current activity of the company. Urbioled is a company with 100% Romanian private capital. Set up in 2013, the company began its activity as distributor of street lighting installations and later on became a producer and integrator of LED type lighting systems and supplier of intelligent and energy efficient mounting services in the field of street lighting with LED technology. At the same time, Urbio Romania is an important player in the renewable energy market, especially photovoltaic energy systems. Studies show that a complete transition to LED lighting leads to the drop of electricity consumption and implicitly of gas emissions with greenhouse effects by 40%, the reduction of the number of traffic accidents during the night, especially those in which pedestrians are involved, discouraging night crimes and the development of a feeling of safety and civilization among citizens. Urbioled manufactures, distributes and implements Eco efficient alternate lighting solution. The company was set up in 2013 dealing mainly with trade with electronic parts and equipment based on LED technology, imported from Europe and beyond. In 2016 the company became a producer of lighting equipment and entered the mounting service segment. In 2019 Urbioled built a new production unit in Moreni, Dambovita. The factory was commissioned in December 2020 with an annual production capacity of over 100,000 lighting units. As of 2019, the company started another project with European funds in the field of research for the development of NEOS system, a state-of-the art product that includes solutions for parking, public lighting with automatic intensity, multifunctional pillar with video supervision, electric vehicle charging, sensors that monitor temperature, noise, air pressure and wind intensity, with an investment of at least 5 million euros.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
