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.
Exim Banca Românească will organize, in the coming period, a series of meetings with representatives of the business communities in the main economic centres of the country, an initiative that is part of the Bank’s strategic endeavour to strengthen the partnership with the business environment and to gather relevant market perspectives, to underpin the development […]
Romanian Border Police have seized roughly 22 kilograms of cannabis at Bucharest’s Henri Coandă International Airport (Otopeni) after discovering the drugs in the checked luggage of a 35-year-old Albanian citizen arriving from Athens, Greece. According to the official statement, officers from the Bucharest Airports...
The hacker inmate at Târgu Jiu Penitentiary who was able to modify sentences and detention conditions was assisted by a prison officer who provided the credentials used to log into the system, according to an investigation. The checks carried out by the Penitentiary Inspection Directorate indicated that the inmate’s unauthorized access to the IT systems […]
LIBfest 2025 takes place between October 21–26 and explores how reading evolves alongside technology. LIBfest, the book and cultural experiences fair organized by Libris.ro returns with an edition that examines how reading habits are being transformed in a world shaped by speed, technology, and AI. Between October 21 and 26, LIBfest 2025 brings together authors […]
Romanian technology executive Bogdan Putinică has been appointed Executive General Manager at Wonderful, a fast-growing global company specializing in agentic AI solutions for customer service. In his new role, he will oversee operations across 29 countries in Central and South-Eastern Europe and the CIS, the company announced. Putinicǎ will lead the company’s accelerated expansion and […]
Medicana, one of Turkey’s most prominent health groups, announced its entry in the Romanian market, along with the appointment of Ana Herkmen as head of the country office. The group operates 19 hospitals across Turkey and Europe, and treats more than 5 million patients worldwide. It has centers of expertise in oncology, organ and stem […]
