Digi's RCS&RDS Borrows EUR150M from Bank Syndicate
12.16.2020
RCS&RDS, part of Digi Communications, has signed a senior facility agreement for two loans amounting to EUR150 million with a banking syndicate consisting of Citigroup Europe- Dublin Romanian Branch, ING Bank-Bucharest Branch and Unicredit Bank, to refinance previous loans and for investments.
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EY: Businesses Favor Gradual Adoption Of GenAI As They Look To Address Knowledge Gaps
03.13.2024
The latest EY Reimagining Industry Futures Study confirms generative AI’s (GenAI) status as a breakthrough technology, with 43% of the 1,405... more
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Optima Group Wants to Open Offices in Italy, Hungary and Bulgaria in 2024, Go to Germany, France, Spain and Austria in 2025
03.06.2024
Romanian-held Optima Group, a developer and provider of software solutions and services, plans to expand its footprint and activity in several... more
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Connections Consult Sees Revenues Soar 200%, Net Profit 162% in 2023 YOY
03.05.2024
Connections Consult, a group of companies specialized in providing software solutions and IT services, reported RON177 million revenues in 2023,... more
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Hungary’s Startup Munch Due to Enter Romania in 1-2 Months
03.05.2024
Hungary’s startup Munch, which has developed a mobile app aiding reduce food waste, will enter Romania’s market in 1-2 months, with Bucharest... more
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Motorola Mobility Aims to Sell 500,000 Smartphones in Romania in 2024, 100,000 More than in 2023
03.04.2024
Motorola Mobility, part of Chinese group Lenovo, plans to reach the threshold of 500,000 smartphones sold in Romania this year, thus maintaining... more
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Life is Hard Sees Consolidated Net Profit Doubling YoY To RON7.2M In 2023
02.29.2024
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, announced on Feb 29 that the consolidated... more
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Innobyte 2023 Turnover Surges 30% YoY To RON12.57M
02.29.2024
Innobyte, a leading player on the Romanian e-commerce market, ended 2023 with a turnover of RON12.57 million, up 30% on the year, and EBITDA of... more
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iHunt Technology Switches To RON1.2M Loss In 2023 From RON4.5M Net Profit In 2022
02.29.2024
iHunt Technology Import-Export, a supplier and manufacturer of mobile phones and gadgets, has announced net loss of RON1.23 million for 2023,... more
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AROBS Transilvania Software Ends 2023 With 43% Higher Turnover, Of RON428M
02.29.2024
AROBS Transilvania Software (AROBS.RO), the biggest tech company listed on the Bucharest Stock Exchange, reported a consolidated turnover of RON428... more
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Bittnet Systems Seeks To Sell RON15M Worth Of Bonds
02.28.2024
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, has informed investors in a stock market report on Wednesday (Feb... more
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Safetech Innovations Reports RON31.1M Turnover, At An Individual Level, Down 11% YoY
02.27.2024
Cybersecurity company Safetech Innovations (SAFE.RO) reported a turnover of RON31.1 million, at an individual level, down 11% compared to 2022, and... more
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TARA Interactive Records EUR1.2M Turnover in 2023, Up 15% YOY
02.27.2024
Romanian company TARA Interactive, specialized in software development, ended 2023 with turnover worth above EUR1.2 million (at group level), up... more
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Softbinator Technologies Reports RON32.2M Revenue And RON5.2M Net Loss For 2023
02.26.2024
Softbinator Technologies (CODE.RO), a group of IT companies, reported consolidated turnover of RON32.2 million for 2023, almost flat on the year,... more
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OVES Enterprise Invests EUR100,000 In Small Drone Manufacturing Line
02.23.2024
OVES Enterprise, a software development company and drone manufacturer, is expanding its drone production and investing EUR100,000 in a new line... more
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Uber Launches UberX Share In Romania
02.23.2024
US-held Uber, which operates one of the largest mobility platforms worldwide, on Thursday announced the launch of UberX Share service in Romania,... more
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Tech Company Blankfactor Leases 35TH Floor Of SkyTower In Bucharest
02.23.2024
Blankfactor, a global provider of technology and end-to-end digital transformation services for financial services, has leased the 35th floor of... more
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GapMminder Launches New EUR80M Investment Fund For Tech Startups
02.22.2024
Technology startups from Romania, the Republic of Moldova, Serbia, Croatia, Slovenia and Bulgaria will be able to get funding through GapMinder... more
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Telekom Romania Mobile Revenue Slightly Down In Q4'23, Significant Improvement On Previous Quarters
02.22.2024
Telekom Romania Mobile (TKRM), the fourth mobile telephony operator in Romania, posted EUR77.5 million revenue in the fourth quarter of 2023, up... more
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Romanian Tech Startup DRUID Reports $13M ARR in 2023
02.22.2024
DRUID AI, the tech startup founded by entrepreneur Liviu Dragan in 2018, in 2023 registered annual recurrent revenues worth $13 million. more
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Bittnet Group’s Dendrio Solutions Signs RON11M Contract To Supply IT Equipment
02.20.2024
IT group Bittnet Systems (BNET.RO) on Tuesday notified the capital market of the signing of a significant RON11 million contract by Dendrio... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.