Industry | 28 January, 2025 at 10:46 AM
OVES Enterprise accelerates investments, allocating €3 million for R&D in 2025
The company is preparing AI-driven commercial solutions for flight safety and wildfire prevention.
The company is preparing AI-driven commercial solutions for flight safety and wildfire prevention.
The company continues to heavily invest in research and development, focusing on the Nemesis AI platform.
OVES Enterprise and Kongsberg Defence & Aerospace discuss a possible collaboration to integrate Nemesis AI into defense solutions.
Romania is uniquely positioned to capitalize on the benefits of acquiring and operating the F-35 Lightning II for the upcoming decades.
Storm Shadow AI is an artificial intelligence solution, the result of over 8 months of intensive research and technological development.
Romanian software company Arobs Transilvania Software has signed an agreement to acquire Quest Global Romania, the local unit of global engineering services provider Quest Global Engineering Services.
The European Bank for Reconstruction and Development (EBRD) invested a record €955 million in 37 projects in Romania in 2025, up from €707 million for 44 projects the previous year.
Russian oil major Lukoil has signed an agreement with US investment firm Carlyle for the sale of Lukoil International.
Romania's Ministry of Finance attracted RON 1.86 billion (€367.3 million) through seven government bond issues for retail investors in January, marking the first Fidelis offering of 2025. The bonds began trading on Bucharest Stock Exchange (BVB) on Thursday.
Enterprises across Europe and the Middle East have moved from AI pilots to scaled implementations, with nearly half of AI proof-of-concepts already in production.