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.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
