In Bucharest, fully 16.3% of adults are employed in brain business jobs, making it amongst the top-10 highest shares in all of Europe, according to an index by ECEPR.
The Geography of Europe’s Brain Business Jobs, an index that since 2017 has studied the geography of knowledge-intensive jobs in Europe, shows that in the average European region, 5.8% of adults work in brain business jobs, meaning that the share of knowledge-intensive workers in Bucharest is 181% higher than the average European region. 
Another measure is high-value-creating jobs, which include not only the most knowledge-intensive occupations but also work in manufacturing industries and professional services. Fully 44.1% of adults in Bucharest are employed in these jobs. In the average European region, 31.2% of adults are employed in high-value-creating jobs. 
In total numbers, there are 239,300 brain business jobs in Bucharest. This is slightly lower than 285,400 in Warsaw and 253,300 in Budapest, but higher than 162,400 in Prague. In all of Europe, the highest number is found in Paris, where nearly 1.3 million are employed in brain business jobs. 

IT services is the most common brain business job in Bucharest, with 71,300 employed in companies in this sector. Additionally, 38,100 are employed in engineering & architecture, while 31,200 work in high-tech manufacturing. 
“An important finding of this index is that regions need brain business jobs, or else jobs in manufacturing industries and professional services. Each percentage point higher of the population that is employed in these high-value-creating jobs corresponds with 0.21 percent lower regional unemployment. Essentially, regions need to have jobs high up on the value chain, to generate exports and stimulate job creation”, explains Nima Sanandaji, director of ECEPR. 
In all previous editions of this index, the Slovakian capital region of Bratislava has had the highest concentration of brain business jobs per capita. This year Budapest climbs to the number one spot, followed by Bratislava and Prague in third place.

Full story at Romania Insider.

Established in 2005, Amazon Development Centre Romania is a pioneering R&D facility in Eastern Europe.As we continue to grow our teams in Romania, we invite you to learn more about the ground-breaking work done at Amazon Development Centre Romania (ADCR), as presented by our colleagues during GoTech World, which took place in Bucharest, Romania on 8-9 November. At a two-day conference that brought together 13,800 professionals, including 6,000 from the tech realm, amongst 165 speakers covering topics like Cybersecurity, AI, Java, DevOps, IT Ops, UX/UI, and Digital Marketing, our team gave three tech talks and an opening speech on the conference’s AI Stage, showcasing Amazon’s spirit of innovation. ADCR employs experts in Cloud Computing, Information Security, Machine Learning, and Data Analysis, as well as business teams in Retail, Compliance, Digital Imaging Services, and Amazon Creative Services.

Dinesh Rajasekharan, Amazon’s Principal PMT for Security Products, Identity & Access Management, spoke on November 8th, unravelling the intricacies of enhancing access security for critical resources on the conference’s Business Transformation Stage. With over a decade of experience in developing and launching security products and services, Dinesh shared insights on navigating the evolving threat landscape. His session, titled "Securing Access to Critical Resources in the Age of Generative AI”, delved into the challenges posed by tools like Generative Artificial Intelligence (Gen AI). Attendees discovered how security researchers and organisations are leveraging Gen AI to establish a framework for safeguarding critical resources in this new era.

Full Story at Amazon.

HIPA, the Hugarian Investment and Promotion Agency, in cooperation with AmCham Hungary and ABSL Hungary, hosted 200 guests at its 30 November annual conference. The event featured more than 25 speakers, and distinguished 3 BSCs for their leadership and innovation: TCS, Kostal Group, and ThermoFisher Scientific.

Also, the event unveiled the results of the 2023 Survey that showcases a remarkable growth of the sector: by now 100,000+ people are employed (up from 70,000 in 2021) in 201 centers. ️The very best BSCs were also recognized in three categories:

️KOSTAL Group (Investor of the Year)
️Tata Consultancy Services (Business Excellence and Innovation)
️Thermo Fisher Scientific (Best in Education Cooperation & Talent Development)

Key takeaways:

💡the Education system must be improved to ensure a strong Talent pipeline.
💡one of CEE's ultimate edges is its quality of life.
💡81% of BSCs plan to bring more high added-value functions to Hungary in the next 3 years
💡economic growth will drive further development of the region.

Although not yet officially announced, the City of Krakow will host ABSL Poland's annual conference, with the date set for 3-5 June.
Krakow was also the host for the 2023 event.

Zedge, a prominent US technology company, has experienced substantial growth in recent years and is now poised to expand its footprint in Vilnius. Over the next three years, the company aims to add 20 highly skilled professionals to its workforce in the city, bolstering its existing team of specialists to a total of 50 individuals proficient in technology and mobile applications. In line with this expansion, Zedge has committed to collaborating with local universities exploring synergies, particularly in the realms of AI and data engineering.
Established in 2003 initially as a platform for ringtones, Zedge has evolved into a versatile mobile content platform, boasting over 40 million users and 620 million app downloads. The company’s recent growth trajectory includes strategic acquisitions such as Emojipedia in 2021 and GuruShots in 2022. Notably, in 2023, Zedge embraced AI technology, introducing innovative products like pAInt, an AI wallpaper maker, and AI Art Master, a generative AI game.
The company has offices in the USA, Norway, Lithuania and Israel. Since its inception in 2018, Zedge’s Vilnius office has emerged as a pivotal center for developing new products, driving innovation, and optimizing the platform’s systems. Currently employing 32 highly skilled professionals, constituting approximately one-third of its global workforce, Zedge Lithuania remains integral to the company’s technological advancements.

Looking ahead, Zedge plans to further strengthen its Vilnius team by hiring 20 additional software developers, product owners, monetization specialists, data engineers, and other professionals over the next three years. The recruitment focus will emphasize Senior-level expertise, complemented by a select group of Junior to Mid-level professionals.
Source: Invest in Lithuania