(IN BRIEF) EBRD Venture Capital has led a $44 million Series B investment round for Nomagic, a Polish robotics company specializing in autonomous systems for logistics and e-commerce. The funding will support the company’s product development and expand its market … Read the full press release
Posted in Artificial Intelligence (AI), Financial, Industrial, Infrastructure & Utilities, Poland, Technology
Tagged 3PLs, AI, AI-powered robotic picking, Almaz Capital, artificial intelligence, Bruno Lusic, Central and Eastern Europe, E-Commerce, e-commerce distributors, early-stage investments, EBRD Venture Capital, fashion, groceries, growth-stage investments, Kacper Nowicki, Khosla Ventures, labour shortages, logistics, marketing, Nomagic, Operational Efficiency, pharmaceuticals, Poland, Product Development, retail, robot-as-a-service, robotics, sales, Series B funding, supply chain, technology companies, warehouse automation
(IN BRIEF) The Croatian Bank for Reconstruction and Development (HBOR) has pledged €20 million to the Three Seas Initiative Innovation Fund, which supports growth-stage businesses in Central and Eastern Europe. This makes HBOR the fourth contributor to the fund, following … Read the full press release
Posted in Banks, Business, Croatia, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged 3SI Innovation Fund, BGK, Central and Eastern Europe, clean energy, Croatian Bank for Reconstruction and Development, Czech National Development Bank, EIF, EU funds, European Investment Fund, Global Competitiveness, Green Technologies, growth-stage companies, HBOR, Hrvoje Čuvalo, INNOVATION, Marjut Falkstedt, MFB, Ministry of Regional Development and EU Funds, Ministry of the Economy, partnership, Private Credit Funds, private equity, Šime Erlić, sustainability, sustainable development, Three Seas Initiative, venture capital
(IN BRIEF) FedEx has launched a state-of-the-art logistics facility in Plzeň, Czech Republic, as part of its strategy to expand operations in Central and Eastern Europe. The 2,600-square-meter facility, nearly double the size of its predecessor, features advanced technologies such … Read the full press release
Posted in Business, Czech Republic, Industrial, Investment, Transportation & Logistics
Tagged advanced infrastructure, CEE, Central and Eastern Europe, Czech Republic, DIM capabilities, economic growth, European Road Network, EV charging stations, FedEx, Hanover, Logistics Facility, logistics hub, Mariusz Mik, motorized belt sorter, Nuremberg, parcel handling, photovoltaic panels, Plzeň, Prague Airport, regional expansion, supply chain, sustainability, transportation, Vienna
(IN BRIEF) Vienna Stock Exchange has introduced three new thematic indices to reflect long-term investment trends in the Central and Eastern European (CEE) region. These indices are CECE Reshoring, CECE Commodity Producers, and CECE Clean Energy. CECE Reshoring comprises companies … Read the full press release
Most CEE economies showed strong economic growth in 2015 and proved more resilient towards shifts in investors’ sentiment with regards to emerging markets Overall banking sector profitability is normalizing on a new post-crisis level, still double the one of Western … Read the full press release
Posted in Austria, Banks, Economy, Financial
Tagged Carlo Vivaldi, CEE banks, Central and Eastern Europe, Mauro Giorgio Marrano, UniCredit Bank Austria
Lending growth expected to be mainly driven by corporate segment in the next years Increase in deposits at a sound level supporting the CEE banking sector’s shift towards a ‘new model’ ‘New model’ characterised by a more sustainable funding structure, … Read the full press release
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