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28 I Companies & Markets bne August 2023
Nova Post Moldova is already the leader of the express courier market in Moldova, where a large community of Ukrainian refugees settled.
“[For now] we have services for individuals, but we will shortly launch operations for companies," said Mikhail Popovici, general manager of Nova Poshta Global Ro, the local subsidiary of the Ukrainian courier.
"For this year, Nova Poshta's Romanian subsidiary aims to reach a volume of 100,000 parcels for both categories of customers," said Popovici, who leads Nova Posta's operations in Moldova, where the company is in the top three of the market.
After it opened its first office in Bucharest, Nova Poshta plans to invest €600,000 this year in Romania, mainly in a sorting
Ericsson to build €155mn production hub in Tallinn
bne IntelliNews
Ericsson, the Swedish telecommunications company, will build a €155 million next-generation smart manufacturing and technology hub in Tallinn.
The centre will be constructed in Tallinn's Ulemiste City, the largest business park and future-oriented urban area in the Baltics, and is expected to be completed by 2026, according to a press release.
The facility will contain the organisation's testing laboratories, production lines, offices and warehouses. The plan is to consolidate all of Ericsson’s operations in Estonia into a single, state-of-the art, 50,000 sq m smart hub that comprises test labs, warehouses, production lines, and offices.
It will be used for co-developing cellular ecosystems and production techniques mainly with customers and partners in Europe but with global impact on industrialisation for volume production. By establishing this European hub, Ericsson will enable a symbiotic relationship between its established R&D in Sweden and manufacturing, where product innovation extends into production and vice versa.
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centre on the northern outskirts of Bucharest (Otopeni, close to Henri Coanda Airport) and another office outside Bucharest. Eight other offices will be opened in 2024, four in Bucharest and others in first-tier cities Brasov, Iasi, Timisoara and Cluj-Napoca.
Nova Poshta Ukraine was founded in 2001 by Vyacheslav Klimov and Volodymyr Popereshniuk.
“Our goal is to connect Ukraine with other countries in Europe because, on the one hand, this approach supports our country's economy and business orientation towards Western Europe. On the other hand, millions of people have left Ukraine and, through us, they keep in touch with those who remain in the country. After the office in Bucharest, the first office in Germany follows," Popereshniuk said on the opening of the Bucharest office.
Ericsson's HQ in Kiska, Stockholm. / bne IntelliNews
Ericsson has currently more than 2,200 employees in Estonia, including engineers and experts in AI and machine learning, who will be moved to the site. The existing operations account for more than 40 percent of the industrialisation of Ericsson's 5G products.
Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: “This move is in line with Ericsson’s long-term strategy for a more resilient and sustainable supply chain, significantly reducing our carbon footprint and harnessing the power of 5G for smart manufacturing. Our entire production landscape globally is being digitalized and, as we have done in the U.S., this will strengthen the link between our R&D and new product introduction to ensure every product we manufacture not only benefits our customers but are also produced with as low environmental impact as possible.”
“We are committed to being at the forefront of sustainable operations in Europe as we revolutionize our manufacturing process jointly with our partners and customers, and support the scale up of 5G deployment,” Jejdling says. “This smart hub will be powered 100 percent by renewable electricity and built with optimal efficiency through AI, machine learning,